Home Equities Score Helius Medical Technologies Inc (HSDT) Reveals Reverse Stock Split Before 2020 Last...

Helius Medical Technologies Inc (HSDT) Reveals Reverse Stock Split Before 2020 Last Bell

Helius Medical Technologies Inc. (HSDT) traded 2.50% higher on Wednesday. At $0.42 per ‎share, the HSDT stock is down around 56.80% year to date. Currently, Helius Medical ‎Technologies Inc. (HSDT) has a market cap of $20.54 million. The average volume for HSDT ‎over the past month (560630 shares per day) is below its average volume over the past year ‎by -13.13, indicating that market participants have been less active in this stock over the ‎past several months.‎

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‎The 200-day and the 20-day major moving average of Helius Medical Technologies Inc. ‎‎(HSDT) are in a rallying mode. That said, HSDT shares are currently down -6.33% over the ‎past 30 days. The stock has moved down -56.80 over the trailing 12 months, falling behind ‎the rest of the market by 264.57%.‎


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A 1-for-35 reverse split of the Class A common shares, par value $0.001, was revealed by ‎Helius Medical Technologies Inc (Nasdaq: HSDT), effective today at 5:00 pm Eastern time. ‎The Company’s common stock will trade on a split-adjusted basis on the Nasdaq Share ‎Market and the Toronto Stock Exchange as of January 4, 2021.‎

The reverse stock split will reduce the number of shares of common stock outstanding and ‎issuable upon conversion of outstanding stock options and warrants. It will cause a ‎proportionate increase in the exercise and conversion prices of such stock options and ‎warrants its effectiveness. To comply with the Nasdaq Stock Market’s continued listing ‎requirements, the Company will combine, convert, and change each outstanding share of 35 ‎shares into one Common Stock share. ‎

If a fraction of a share of Common Stock is created due to the Reverse Stock Split, it will be ‎rounded down to the nearest whole share. The Company will pay the fractional share’s ‎market value to the stockholder, which is determined by multiplying the fraction by the ‎closing share price of the common stock. On the last day of trading before the Reverse ‎Stock Split became effective (on a split-adjusted basis), as reported on Nasdaq.‎‎

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‎The authorized share ‎count for the common stock of the Company will remain at 150 million, while the ‎outstanding share count will be reduced from approximately 51.9 million to about 1.5 ‎million. The Company will continue to trade its common stock under the symbol “HSDT” on ‎the Nasdaq Capital Market and HSM on the Toronto Stock Exchange. After the reverse split ‎of the common stock, the new CUSIP number is 42328V 603.

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