BioSolar Successfully Completes Reverse Stock Split

BioSolar, Inc.

today reported that the company successfully completed a 1 for 30 reverse stock split. With shares now trading at a higher price, the company has achieved an important first step in uplisting its shares to trade on a senior U.S. stock exchange. “The main purpose of our reverse stock split was to satisfy the minimum share price required to trade on a senior U.S. securities exchange,” said Dr. David Lee, BioSolar's Chief Executive Officer. “In addition to meeting a stock exchange's minimum market price per share, another important benefit is that a higher share price is likely to attract a larger pool of quality institutional investors as the company moves into commercial production.”