Biomerica Announces Reverse Stock Split
1. Biomerica will execute a 1-for-8 reverse stock split on April 21, 2025. 2. This split aims to raise the stock price for Nasdaq compliance. 3. Shares will automatically adjust with no action required by stockholders. 4. Approximately 20 million shares will reduce to about 2.5 million shares. 5. The company focuses on improving gastrointestinal health with innovative diagnostics.