Authentidate Announces 1-for-2 Reverse Stock Split to Stay on NASDAQ
Authentidate Holding Corp. (Nasdaq: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced a 1-for-2 reverse split of its common stock. The reverse stock split became effective today at 5:01 p.m. Eastern Time and Authentidate's common stock will begin trading on The NASDAQ Capital Market on a split-adjusted basis when the market opens on Friday, August 31, 2012.
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