Navigation Links
Bionovo Announces Reverse Stock Split
Date:8/30/2010

EMERYVILLE, Calif., Aug. 30 /PRNewswire-FirstCall/ --  Bionovo, Inc. (Nasdaq: BNVI, BNVID) announced today that it will effect a 1-for-5 reverse stock split, that will become effective with the opening of trading on August 31, 2010. The primary objective in effecting a reverse stock split at this time is to better enable the company to maintain the listing of its common stock on The NASDAQ Capital Market. The company's common stock will continue trading on The NASDAQ Capital Market and will begin trading on a split-adjusted basis at the opening of trading on Tuesday, August 31, 2010.

At Bionovo's annual general meeting of shareholders held on May 3, 2010, shareholders voted to approve a proposal authorizing the board of directors of the company to effect a reverse split of the company's common stock at a ratio within a range of 1-for-2 and 1-for-5, as determined by the board in its sole discretion. As authorized, the board has elected to effect a reverse split at a ratio of 1-for-5.

"After in-depth consideration of our options and input from advisors and shareholders, the board determined that a reverse split of the company's common stock is in the best interest of shareholders," commented Isaac Cohen, O.M.D., Bionovo's Chairman and Chief Executive Officer. "By effecting a reverse stock split, the company is better positioned to comply with the NASDAQ listing rules. Maintaining our listing on NASDAQ provides the company with greater flexibility to support the development of the company."

Details of the Reverse Split

At the effective time of the reverse stock split, every five (5) shares of Bionovo's pre-split common stock, par value $0.0001 per share, will automatically be consolidated into one (1) post-split share of common stock, par value $0.0001 per share. The Reverse Stock Split will automatically convert all of the company's common stock issued and outstanding, and all unexercised warrants and options. As a result of
'/>"/>

SOURCE Bionovo, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Bionovo Announces Publication Describing Menerbas Effect on Neural Pathways Related to Temperature Regulation
2. Bionovo to Advance Menerba to Phase 3 Clinical Testing in Europe
3. Bionovo, Inc. to Announce Second Quarter Fiscal Year 2010 Financial Results on Wednesday, August 4, 2010
4. Bionovo Announces a $15 Million At-The-Market Firm Commitment Financing Agreement
5. Bionovo Announces 2009 Highlights and Year-End Financial Results
6. Bionovo, Inc. to Announce Fourth Quarter and Fiscal Year 2009 Financial Results on Monday, March 15, 2010
7. Bionovo Announces Publication of Positive Results From the Phase 1B Clinical Trial of Bezielle (BZL101) for Metastatic Breast Cancer
8. Bionovo Announces Third Quarter 2009 Highlights and Financial Results
9. Bionovo, Inc. to Announce Third Quarter Fiscal Year 2009 Financial Results on Thursday, November 5, 2009
10. Bionovo Announces Publication of Data on Potential Increase in Breast Cancer Risk Due to the Inhibitory Effect of Tamoxifen Treatment on Estrogen Receptor Beta
11. Bionovo Announces Second Quarter 2009 Highlights and Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/26/2014)... , November 25, 2014 ... Market by Power Source (Electric, Battery, Pneumatic), by ... Blade, Burr, Cart), by Application (Orthopedic, ENT, Oral, ... by MarketsandMarkets, the global Powered Surgical Instruments Market is ... Billion in 2014 and is expected to grow ...
(Date:11/26/2014)... , Nov. 25, 2014  At the American Dental ... this October, KaVo Kerr Group was honored to ... offering attendees the opportunity to see and test the ... opinion leaders deliver lectures on the latest developments in ... include the new DEXIS CariVu Caries Detection Device and ...
(Date:11/26/2014)... , Nov. 25, 2014  goBalto, Inc., the ... been recognized as a winner of Red Herring,s ... Global Top 100 North America award in 2013, marking ... technology landscape. Red Herring,s Top 100 Global ... promising new companies and entrepreneurs. Red Herring editors were ...
Breaking Medicine Technology:Powered Surgical Instruments Market Worth $2.1 Billion by 2019 2Powered Surgical Instruments Market Worth $2.1 Billion by 2019 3Powered Surgical Instruments Market Worth $2.1 Billion by 2019 4KaVo Kerr Group Showcased in Pride Institute Technology Expo at ADA Annual Meeting 2KaVo Kerr Group Showcased in Pride Institute Technology Expo at ADA Annual Meeting 3goBalto Selected as a 2014 Red Herring Top 100 Global Company 2goBalto Selected as a 2014 Red Herring Top 100 Global Company 3
... /PRNewswire-Asia-FirstCall/ -- BMP Sunstone Corporation (Nasdaq: BJGP ... the Company plans to release third quarter 2010 financial ... closes. The Company will hold a conference ... to discuss its results.  Listeners may access the call ...
... Pharmaceuticals, Inc. (Nasdaq: REGN ) will webcast ... Conference on Wednesday, November 10, 2010.  The presentation is ... Time).  The session may be accessed through the Company,s ... page.  An archived version of the presentation will be ...
Cached Medicine Technology:BMP Sunstone to Report Third Quarter 2010 Financial Results 2
(Date:11/26/2014)... Schaumburg, IL (PRWEB) November 26, 2014 ... of communication management solutions, has been award the ... Telephony Magazine. , This award comes as a ... its capabilities within the Lync ecosystem. Specifically, ISI ... for all modes of Lync communication, including voice, ...
(Date:11/26/2014)... (PRWEB) November 26, 2014 Anthropologists ... effectiveness in containing and stopping Ebola, improve international ... in healthcare systems in West Africa. , ... to Stop Ebola: Anthropologists Offer Insights,” will be ... the American Anthropological Association (AAA), Fri., Dec. 5, ...
(Date:11/26/2014)... (PRWEB) November 26, 2014 Call 866-997-4948 ... requirements or email the details on sales(at)researchmoz(dot)us , ... and drug discovery market 2014" with deep study of ... the result of high blood sugar. The global glucose ... linked to the growing number of diabetics in the ...
(Date:11/26/2014)... November 26, 2014 Medical suction and ... out of 5. This score represents steady growth in ... years to 2014 as a result of swelling demand ... machines, which are largely considered nondiscretionary. IBISWorld market research ... buyers have some degree of flexibility, given the low ...
(Date:11/26/2014)... 2014 Bunion Bootie, the newest and ... an early celebration of the early holiday shopping season. ... at the promotional price of $29.95 each (normally $33.95 ... to any automatic discounts applied when buying more than ... for complete details. It’s simple: purchasing more Bunion ...
Breaking Medicine News(10 mins):Health News:ISI Telemanagement Solutions, Inc. has been Awarded the 2014 Microsoft Lync Pioneer Award 2Health News:Anthropologists Release Recommendations, Better Practices to Contain Ebola 2Health News:Anthropologists Release Recommendations, Better Practices to Contain Ebola 3Health News:Latest Report on Diabetes Market 2014 - Global Market Size, Share, Trends and Forecast by Researchmoz.us 2Health News:Latest Report on Diabetes Market 2014 - Global Market Size, Share, Trends and Forecast by Researchmoz.us 3Health News:Medical Suction & Vacuum Products Procurement Category Market Research Report from IBISWorld has Been Updated 2Health News:Medical Suction & Vacuum Products Procurement Category Market Research Report from IBISWorld has Been Updated 3Health News:Medical Suction & Vacuum Products Procurement Category Market Research Report from IBISWorld has Been Updated 4Health News:Bunion Bootie Temporarily Lowering Prices for Holiday Shopping, Starting Today! 2
... Breakfast alone may not be the solution to reducing ... selections// could prove beneficial in the battle against the ... ,Published monthly by the Institute of Food ... nutrition and metabolic research and translates it into food ...
... HIV-infected child, who was allegedly refused treatment by doctors ... US-based Indian crusader against medical negligence to support him., ... and a poor labourer, approached the People for Better ... after government hospitals allegedly refused to perform a surgery ...
... mechanism that anthrax bacteria use to elude the body’s ... to lessen the effect of anthrax bacterial species Bacillus ... ,For the last four years, Dr. Rowe Byers, professor ... microbiology, have worked on the project that led to ...
... caffeine content on cans and bottles of its flagship soda ... substance. ,The new labels, which coincide with the ... separately state "caffeine content: 25mg/8fl oz". ,The disclosure, ... comes as consumer and health groups increasingly petition for the ...
... has been dubbed 'Dr. No' for her stance against AIDS// ... , The minister had earned the ... to South Africa’s escalating AIDS problems. ,She ... combating AIDS, over antiretroviral drugs used all over the world. ...
... The Federation of American Hospitals has urged the cause ... insurance, underlining// the imperativeness of basic health coverage. ... might instigate a federal legislation mandating employees to avail ... or buy it of their own accord or accept ...
Cached Medicine News:Health News:NRI Fights for HIV Child Who was Refused Treatment 2Health News:Discovery Leads to Way to Curb Anthrax Effect 2Health News:Pepsi to Put Caffeine Content on Labels 2Health News:Dr. ‘NO’ Admitted for Lung Conditi 2
The Bledsoe Achilles Boot saves time by eliminating casting series required to stretch the achilles tendon during rehab....
Get back into action with MalleoLoc. Perfect for playing basketball, volleyball or everyday activities. The MalleoLoc stabilizing ankle brace increases ankle stability without restricting mobility....
DarcoGel™ Upper chamber is foam filled, conforms to calf; gel-filled lower chamber molds to the malleoli for a custom fit. Freeze the removable liner for cold therapy. One size. Fits left or ri...
Softsplint after bunion surgery. Hook-and-loop closure. Maintains hallux positioning and metatarsophalangeal alignment. Washable....
Medicine Products: