ORBIT/FR, a developer of microwave test and measurement systems for the aerospace industry, said Thursday that its shareholders approved a one-for-four reverse stock split of the company’s common stock. The board recommended the reverse stock split to allow the company (Horsham, Pa.) to regain compliance with the Nasdaq SmallCap Market requirement of minimum bid price of $1 per share.
Shareholders Approve ORBIT/FR Reverse Stock Split
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