Pharma Investments, Ventures & Law Weekly
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Acusphere Inc.
Acusphere Shareholders Grant Board the Discretion to Effect Reverse Stock Split
April 13th, 2008
Acusphere Inc. (NASDAQ: ACUS) announced that a majority of its shareholders approved a proposal to grant the Company's board of directors authority to effect a reverse stock split of the Company's outstanding shares of Common Stock. The Company's board of directors has decided not to effect any reverse stock split at this time. The proposal provides the board of directors with the discretion to determine, at any time during the next twelve months, the exact timing of a reverse stock split, if any, and the exact ratio of any reverse stock split, within a range of 1:10 to 1:20. "We are grateful for the strong support of our stockholders for this proposal, even though the...
Source: Pharma Investments, Ventures & Law Weekly (2008-04-13)
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