Identive announces 1:10 reverse split, name change

|By:, SA News Editor

With shares having traded below $1 for nearly all of 2014, Identive (INVE) has decided it's a good time for a reverse split.

The split, which Identive says "establishes a path" to maintaining Nasdaq compliance, goes into effect on May 27. It was approved at Identive's annual meeting.

The company is also slightly changing its name: Going forward, it'll be known "Identiv" (no "e" at the end) rather than "Identive Group."