Neovasc (NSDQ:NVCN) is slated to execute a reverse split of its publicly traded stock tomorrow, after a 1-for-100 reverse split last fall.
The Vancouver-based medtech firm said the new 1-for-10 split will take its shares from 74.8 million outstanding to 7.5 million shares.
Last September’s split took the number of NVCN shares from approximately 1.9 billion to roughly 19 million.
NVCN stock was trading at 48.74¢ per share today in late-morning activity, up 1.0%.