Actually reducing the AS at the same ratio as the OS is a good thing. If that is what you are referring to. It shows the company has no intention of dilution .
IDEX had not used up any of the reverse split “budget” allowed by Nasdaq.
MULN, on the other hand, has used up almost all of it and is now coming hat in hand for more time.
While Nasdaq may very well provide another grace period MULN is going to have to do yet another RS…and at that point they are out of chits.
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