Replies to post #270950 on Avid Bioservices Inc (CDMO)

[ku]

They decided to do a Reverse Stock Split without asking for 6 months extension. Does this include the shelf.

[MazelMan]

Thank you.

[TampaTradr]

No shelf split.....

So much for all of those letters.......

Although the Reverse Split will not have any dilutive effect on our stockholders, the proportion of shares owned by our stockholders relative to the number of shares authorized for issuance will decrease. As a result, the additional authorized shares of common stock will be available for issuance at such times and for such purposes as the Board of Directors may deem advisable without further action by our stockholders, except as required by applicable laws and regulations. We do not have any present plan or intention to issue the additional shares of authorized but unissued common stock that would become available as a result of the proposed Reverse Split.