Imaging3 Inc. said its board approved a 1-for-20 reverse stock split of its current outstanding common shares.
The Burbank, Calif.-based company said its pre-split common shares totaling 319,093,077 would be converted into 15,954,907 common shares after the split.
Imaging3 said it received a notice from the Financial Industry Regulatory Authority saying the split will take effect at the open of business March 16.
