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Rennova Health, Inc. (OTC: RNVAD) announced a 1 for 10,000 reverse stock split, effective March 15, 2022. Following this action, the company's outstanding shares will decrease from approximately 44 billion to around 4.4 million. The split aims to consolidate shares without changing the par value of $0.0001. All outstanding preferred shares and stock options will also be adjusted accordingly. The reverse split was approved by directors on March 9, 2022, with majority shareholder consent received on December 15, 2021. The stock will trade under RNVAD for 20 days post-split.
Rennova Health has executed a 1 for 1,000 reverse stock split effective July 16, 2021, reducing its outstanding shares from approximately 10 billion to 10 million. Starting July 19, trading will occur under the temporary symbol RNVAD, reverting to RNVA after 20 business days. The nominal par value remains unchanged at $0.0001. All stock options, warrants, and preferred shares will be adjusted accordingly. Stockholders will receive instructions for exchanging stock certificates from Computershare Inc., the appointed exchange agent.
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