India, March 18 -- Outset Medical, Inc. (OM) announced a one-for-fifteen reverse stock split of its common stock, effective March 20, 2025.
Trading will continue under the ticker OM on Nasdaq with a new CUSIP number. Approved by stockholders on March 5, 2025, the split consolidates every 15 pre-split shares into one, reducing outstanding shares from 265 million to approximately 17 million while maintaining the authorized share count and par value.
The split uniformly affects all stockholders, preserving ownership percentages except for fractional shares, which will be compensated in cash. Equity incentive plans, stock options, and warrants will be proportionally adjusted.
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