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Amedica shareholders approve reverse stock split proposal

Amedica Corp. said it received shareholder approval to implement a reverse stock split of its common stock at a ratio between 1-for-2 and 1-for-15.

Shareholders voted at a special meeting on Oct. 10 to approve a proposal to amend the company's restated certificate of incorporation allowing the board to effect the split.

The company was notified in August that it would be delisted from the Nasdaq Capital Market based on its continued noncompliance with the minimum $1 bid requirement.