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Great Basin to reverse split shares 1:300 December 28

  • At a special meeting yesterday, Great Basin Scientific (NASDAQ:GBSN) stockholders approved a reverse split of common shares between 1:200 and 1:300 and an increase in the number of authorized shares from 200M to 1.5B.
  • Afterward, the board of directors authorized a 1:300 reverse split and the increase in authorized shares effective at 12:01 am December 28.
  • Post-split trading on the OTCQB will commence that day.

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Great Basin Scientific, Inc.