Aerogen, (AEGN,AEGND) of 20+% following reverse split:
>>MOUNTAIN VIEW, Calif., Oct. 30 /PRNewswire-FirstCall/ -- Aerogen, Inc. (Nasdaq: AEGN - News) today announced the summary voting results of its special meeting of stockholders, held earlier today.
At the meeting, stockholders overwhelmingly approved the issuance of a convertible debenture, and warrant to purchase common stock, to SF Capital Partners, Ltd.; Aerogen expects the issuance to close within the next few days. Stockholders also approved today a reverse stock split such that no fewer than four, but no greater than eight shares of the Company's common stock currently outstanding will be combined into one share of the Company's Common Stock. Following the meeting of stockholders, Aerogen's Board of Directors met and authorized a five-for-one reverse split of Aerogen's Common Stock. The split is expected to become effective at 5:00 pm (EST) October 31, 2003 and our Common Stock is expected to trade on a post-split basis beginning Monday, November 3, 2003. In accordance with Nasdaq rules, Aerogen's ticker symbol will be temporarily changed to "AEGND" to denote that a split has occurred. The stockholders reelected Jean-Jacques Bienaime, Yehuda Ivri and Bernard Collins as directors, each for another three-year term, and ratified PricewaterhouseCoopers LLP as the Company's independent auditors.<<
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Cheers, Tuck |
