Aastrom to conduct 1-for-20 reverse split, shares -18.8% AH
The split will become effective on Oct. 16. Aastrom (ASTM), which closed today at $0.23, says it's making the move to satisfy the Nasdaq's $1/share minimum bid requirement. Shareholders will receive cash in lieu of fractional shares. (PR)
Shares -85% YTD after factoring the AH drop.