Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Zogenix Announces Shareholders Approve Reverse Stock Split

June 18, 2015 16:18 ET | Source: Zogenix, Inc.
SAN DIEGO, June 18, 2015 (GLOBE NEWSWIRE)

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Upon the effectiveness of the reverse stock split, each eight shares of the Company's issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock, par value $0.001 per share. As a result of the reverse split, there will be approximately 19.2 million shares of common stock issued and outstanding. The reverse stock split will not affect any shareholder's ownership percentage of Zogenix's common shares. The common shares will trade under a new CUSIP number, 98978L 204, effective July 1, 2015.