Imaging3 Inc. is implementing a 1-for-20 reverse stock split.
The Burbank, Calif.-based company said the related amendment to its articles of incorporation was approved by its board and stockholders in November 2017.
Following the split, the company will have 15,334,654 shares of outstanding common shares, from 306,693,077 shares pre-split.
The company said it is waiting for the final notification from Financial Industry Regulatory Authority for effectiveness of the split.
Imaging3 refurbishes and sells medical equipment, parts and services.
