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Attis implements reverse stock split to meet Nasdaq listing requirement

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Attis implements reverse stock split to meet Nasdaq listing requirement

Attis Industries Inc. implemented a 1-for-8 reverse split of its common stock and warrants to meet the minimum share price listing requirements on Nasdaq.

The Milton, Ga.-based company said the split will become effective on the Nasdaq Capital Market on March 18, with shares continuing to trade under the symbol ATIS.

The split will reduce the company's issued and outstanding common shares from 27,526,467 to about 3,443,500 and publicly traded warrants from 3,112,871 to about 389,108.

The healthcare services provider previously also received a Nasdaq notice of noncompliance for failing to timely file its quarterly reports.