Eyenovia announces 1-for-80 reverse stock split

Eyenovia (EYEN) announced that its board of directors approved a 1-for-80 reverse stock split of its outstanding shares of common stock, $0.0001 par value per share, which is within the ratio range approved by the company’s stockholders at a special meeting of stockholders held on January 21. The reverse stock split will be effective at 4:00 p.m., Eastern Time, on January 31. At the market open on February 3, the common stock will begin trading on a post-split basis under the existing ticker. The reverse stock split is being effected to enable the company to regain compliance with the minimum bid price required to remain listed on the Nasdaq.