ATNM .46 REVERSE STOCK SPLIT OF UP TO 1-FOR-75 MAY BE EFFECTUATED
On October 18, 2019, the Company’s board of directors unanimously approved, subject to stockholder approval, an amendment to the Company’s certificate of incorporation to effect a reverse stock split of the Company’s outstanding common stock by combining outstanding shares of common stock into a lesser number of outstanding shares of common stock by a ratio of not more than 1-for-75 prior to December 18, 2020, with the exact ratio to be set within this range by the Company’s board of directors at its sole discretion. On December 18, 2019, at the Company’s 2019 Annual Meeting of Stockholders, the Company’s stockholders approved such proposed amendment to the Company’s certificate of incorporation.
EFFECTIVE DATE OF REVERSE STOCK SPLIT TARGETED FOR AUGUST
The Company’s board of directors authorized the initiation of the process to effectuate the reverse split, which the Company has undertaken. The Company is targeting the reverse split to be effective, subject to receiving the necessary approvals and authorizations, by mid-August 2020.
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