Bionano Announces Effective Date of Reverse Stock Split
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Bionano Genomics, Inc. (Nasdaq: BNGO) announced a 1-for-60 reverse stock split effective at 5 p.m. on January 22, 2025.
January 22, 2025 | 9:15 pm
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Bionano Genomics is implementing a 1-for-60 reverse stock split, which will reduce the number of outstanding shares and potentially increase the stock price per share.
A reverse stock split consolidates shares, reducing the number of shares outstanding and typically increasing the stock price per share. This can affect trading dynamics and investor perception, but does not change the company's market capitalization.
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