AquaBounty completes reverse share split for NASDAQ listing

(ShareCast News) - Aquaculture-focused biotechnology company AquaBounty Technologies announced on Thursday that the 1-for-30 reverse share split of its common shares, as detailed in its announcements on 19 December, 29 December and 4 January, has become effective.The firm said the reverse share split has increased the market price and decreased the number of shares in issue.It said the reverse share split is expected to help enable it meet one of the NASDAQ listing requirements related to pricing of its common shares.A further announcement will be made in due course once the NASDAQ listing is effective."Following the reverse share split, the Company's issued share capital consists of 6,463,935 of common shares with a par value of $0.001 each," AquaBounty's board confirmed."The company holds no common shares in treasury and, therefore, the total number of voting rights in the company is 6,463,935."