Business
Endonovo Therapeutics Announces Effective Date of Previously Announced Reverse Split of Common Stock
Endonovo Therapeutics Announces Effective Date of Previously Announced Reverse Split of Common Stock.
About this update from Endonovo Therapeutics, Inc.
[{"type":"text","content":"\n Los Angeles, CA, Dec. 19, 2019 (GLOBE NEWSWIRE) -- Endonovo Therapeutics, Inc. (OTCQB: ENDV) (\"Endonovo\" or the \"Company\"), announced today that its previously announced 1-for-1,000 reverse split of its common stock will become effective as of December 19, 2019. Beginning on December 20, 2019, the Company's common stock will trade on the OTC market on a split-adjusted basis under the trading symbol ‘ENDVD’ for a 20-day period at which time the ‘D’ will be removed and the trading symbol will revert back to ‘ENDV’. As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced by the ratio of 1-for-1,000. The number of authorized shares of the Company's common stock remain unchanged, but the number of issued and outstanding shares will be reduced to approximately 1,005,306 shares of common stock. Registered shareholders holding their shares of common stock in book-entry form or through a bank, broker or other nominee do not need to take any action in connection with the reverse stock split. For shareholders holding physical stock certificates, the Company's transfer agent, Equity Stock Transfer will send instructions for exchanging those certificates for new certificates representing the post-split number of shares following the effective date of the reverse stock split. Equity Stock Transfer can be reached at 212-575-5757. Alan Collier, CEO of Endonovo Therapeutics commented, \"With our sales growth and continued expansion of clients, specifically hospitals, this reverse split is a natural next step in our business plan execution. We look forward to executing on the next chapter of our progress given the attractive growth opportunity as well as the solid foundation of our SofPulse® business.\"  About Endonovo Therapeutics Endonovo Therapeutics, Inc. is a commercial-stage developer of non-invasive wearable Electroceuticals™ therapeutic devices. The Company's current portfolio of commercial and clinical-stage wearable Electroceuticals™ therapeutic devices addresses wound healing, pain, post-surgical pain and edema, cardiovascular disease, chronic kidney disease, and Central Nervous System (CNS) Disorders, including traumatic brain injury (TBI), acute concussions, post- concussion syndrome and multiple sclerosis. The Company's ...