India, March 5 -- Tivic Health Systems, Inc. (TIVC), a diversified therapeutics company, Wednesday announced a 1-for-17 reverse stock split, effective March 7. Following the news, the company's shares were more than 21 percent down in pre-market.
The purpose of the stock split is to bring the company into compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
Tivic Health stock had closed at $0.3399, up 4.55 percent on Tuesday. It has traded in the range of $0.2010 - 1.8500 in the last 1 year.
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