Dynamic to perform reverse stock split

AuntMinnie.com staff writers
Jun 19, 2001

Healthcare information technology firm Dynamic Healthcare Technologies will be implementing a one-for-three reverse split of its common stock. The reverse split, designed to meet Nasdaq's $1 per-share minimum closing price and avoid delisting, will be effective as of the close of market on June 28.

As a result, the number of Dynamic shares outstanding will be reduced from 19,428,142 to 6,476,048. The Lake Mary, FL-based company's stock closed on June 19 at $0.48 per share, up 20% for the day.

By AuntMinnie.com staff writers
June 20, 2001

Related Reading

Dynamic Healthcare recompliance gets Nasdaq nod, April 30, 2001

Dynamic adds radiology sales executive, March 6, 2001

Dynamic lands RIS sales, February 5, 2001

Copyright © 2001 AuntMinnie.com

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