ActiveCare Inc. plans to implement a 1-for-500 reverse split of its common stock.
The split will be effective and the company's common stock will trade on a split-adjusted basis as of Jan. 27.
Under the reverse split, each 500 shares of ActiveCare's issued and outstanding common stock will be automatically combined and converted into 1issued and outstanding common share. In addition, fractional shares will not be issued in the reverse split and fractional share interests will be rounded up.
American Stock Transfer & Trust Co. LLC is the transfer agent and will act as exchange agent for the split.