CHF Solutions Inc. implemented a 1-for-20 reverse stock split of its common stock, effective Oct. 12.
After the stock split, the company's outstanding common shares will be reduced to about 626,000 from about 12.5 million. Meanwhile, its authorized common shares will remain at 100 million.
The company's common stock will trade on a split adjusted basis on the Nasdaq Capital Market starting Oct. 13.
CHF Solutions' stockholders previously approved the stock split at the special meeting held Oct. 10.