iCAD performs reverse stock split

AuntMinnie.com staff writers
Aug 14, 2012

Computer-aided detection (CAD) firm iCAD has completed a one-for-five reverse split of its common stock.

The reverse stock split was intended to increase the per-share trading price of iCAD's common shares to satisfy the $1 minimum bid price requirement for continued listing on the Nasdaq Capital Market, according to the firm. The company's common shares will begin trading on a split-adjusted basis on August 16.

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