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Cardium Announces Reverse Stock Split
Date:7/18/2013

SAN DIEGO, July 18, 2013 /PRNewswire/ -- Cardium Therapeutics (NYSE MKT: CXM) announced a 1-for-20 reverse split of the Company's issued and outstanding common stock effective at the open of the NYSE MKT Exchange today, July 18, 2013.  Accordingly, each 20 shares of common stock and equivalents will be converted into one share of common stock.  In addition, proportional adjustments will be made to Cardium's outstanding warrants and stock options.  As a result of the split, the number of shares of common stock to be received upon conversion of any of Cardium's convertible preferred stock, including the preferred stock acquired in April 2013 and any additional shares, will be reduced by 20-fold. In addition, the conversion price of convertible preferred stock, which is subject to adjustment as previously described, will be increased by 20-fold.

(Logo: http://photos.prnewswire.com/prnh/20051018/CARDIUMLOGO)

At this morning's market open, Cardium's common stock will trade under new CUSIP number 141916304.  The Company's trading symbol, CXM, will remain unchanged.  As a result of the reverse stock split, the number of issued and outstanding common shares will be reduced to approximately 6.5 million.  The number of authorized shares and the par value per share of common stock will remain unchanged.  No fractional shares of common stock will be issued as a result of the reverse stock split and shareholders of record will receive cash in lieu of fractional shares to which they would otherwise be entitled, based upon the price of Cardium's common stock at close of market on July 17, 2013.

Cardium stockholders who hold their shares in certificated form will receive a communication from Computershare Trust Company regarding the exchange of outstanding stock certificates into new certificates or book entry form. 
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SOURCE Cardium Therapeutics
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