Implanet launches reverse stock split: 3 key notes

Implanet launched a reverse stock split on an exchange basis of 40 existing shares for one new share.

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1. The reverse stock split notice was published on the French official bulletin of legal notices on Dec. 16, 2019, and began Jan. 2, 2020. It will last until Jan. 31 and become effective on Feb. 3.

2. There will be 68.69 million shares consolidated with a par value of 1 cent.

3. Implanet expects 1.72 million shares with a par value of 45 cents post-consolidation.

More articles on orthopedic devices:
Stryker in 2019: 6 things to know
Zimmer Biomet in 2019: 6 things to know
29 spine, orthopedic device company acquisitions in 2019

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