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Benzinga

Business

Henry Khederian

REVEALED: Why diffusion pharmaceuticals shares are falling - The Real Truth

Diffusion Pharmaceuticals Inc (NASDAQ:DFFN) shares are trading lower by 20.83% at $0.21 after the company announced a 1-for-50 reverse stock split.

Diffusion Pharmaceuticals says the reverse stock split is expected to become effective at 5:59 p.m. ET on Apr. 18. The company's common stock is expected to commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on Apr. 19, pending confirmation by the Depository Trust Company and Nasdaq.

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