Financings in Brief: Sparta Surgical
This article was originally published in The Gray Sheet
Executive Summary
Sparta Surgical: Initiates one-for-six reverse stock split effective March 28. The move reduces the specialty surgical and non-invasive electrotherapy device firm's outstanding shares to 763,749 from 4.6 mil. Sparta's board enacted the split to bolster its share price "in order to remain in compliance with listing requirements" on the NASDAQ SmallCap Market...