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Great Basin implements 1-for-300 reverse stock split

Great Basin Scientific Inc. implemented a 1-for-300 reverse stock split of its common stock.

The split reduced the company's outstanding common shares to about 663,334 shares from 199 million shares.

Great Basin's stock started trading temporarily under the symbol GBSND on the OTCQB market due to the stock split. The symbol will revert to GBSN on Jan. 24, 2017.