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Nutrition 21 Approves Stock Reverse Split
March 3, 2003
1 Min Read
Nutrition 21 Approves Stock Reverse Split
PURCHASE, N.Y.--Nutrition 21 Inc. (NASDAQ:NXXI)reported its board of directors approved a 1-for-5 reverse split of thecompany's common stock. This reverse split was to be put before shareholderapproval sometime in the weeks following the Jan. 27 announcement.
Once shareholders approved this action, the reverse split wasexpected to take effect in mid-March, reducing the number of outstanding sharesof common stock from approximately 33.6 million to 6.7 million.
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