Accelerate Diagnostics falls on reverse stock split announcement

Accelerate Diagnostics

10/07/2023 14:59

** Shares of Accelerate Diagnostics Inc  AXDX.O  down 9% at
$0.75 
    ** In-vitro diagnostics co announces reverse stock split at
a ratio of 1-for-10, to become effective on July 11
    ** Co says reverse stock split is intended to regain
compliance with the minimum bid price requirement of $1.00 per
share required to maintain continued listing on Nasdaq, among
other benefits
    ** AXDX shares up 6.9% YTD
    


 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))