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Mon, April 16, 2012Fri, April 13, 2012Thu, April 12, 2012Wed, April 11, 2012Tue, April 10, 2012Mon, April 9, 2012Fri, April 6, 2012Thu, April 5, 2012Wed, April 4, 2012Tue, April 3, 2012Mon, April 2, 2012Fri, March 30, 2012Thu, March 29, 2012Wed, March 28, 2012Tue, March 27, 2012Mon, March 26, 2012Sun, March 25, 2012Sat, March 24, 2012Fri, March 23, 2012Thu, March 22, 2012Wed, March 21, 2012Tue, March 20, 2012CNS Response Announces Reverse Stock Split
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Published in House and Home on Monday, April 2nd 2012 at 5:06 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
April 02, 2012 08:00 ET
CNS Response Announces Reverse Stock Split
ALISO VIEJO, CA--(Marketwire - Apr 2, 2012) - CNS Response, Inc. (
"This reverse split was effected with the goal of obtaining a price per share of at least $4.00, to enable us to list our shares on the NASDAQ National Market. We view this as an important step in the Company's growth," said David B. Jones, Chairman of the Board. "Our purpose for listing on the NASDAQ National Market is to reduce the volatility of our stock price and to provide greater liquidity to our shareholders."
At the effective time of the reverse split, immediately and without further action by the Company's stockholders, every 30 shares of the Company's common stock issued and outstanding will automatically be combined into one share of common stock. In the event the reverse split leaves a stockholder with a fraction of a share, the number of shares due to the stockholder will be rounded up. Further, any options, warrants and rights outstanding as of the effective time that are subject to adjustment will be adjusted in accordance with the terms thereof. The Company's common stock will trade under a new CUSIP number after the reverse split.
As a result of the reverse split, a "D" will be placed on the common stock's ticker symbol for 20 business days.
About CNS Response
CNS Response provides reference data and analytic tools for clinicians and researchers in psychiatry. While treatment has doubled in the last 20 years, IT IS ESTIMATED THAT 17 MILLION AMERICANS HAVE FAILED TWO OR MORE MEDICATION THERAPIES FOR THEIR MENTAL DISORDER. The company's Psychiatric EEG Evaluation Registry, or PEER Online™, is a new registry and reporting platform that allows medical professionals to exchange treatment outcome data for patients referenced to objective neurophysiology data obtained through an EEG. Based on the company's original physician-developed database, there are now over 34,000 outcomes for 8,700 unique patients in the PEER registry. The objective of PEER Online™ is to avoid trial and error pharmacotherapy, the dominant approach for treatment resistant patients.
To read more about the benefits of this patented technology for patients, physicians and payers, please visit [ www.cnsresponse.com ]. Medical professionals interested in learning more can contact CNS Response at [ PEERinfo@cnsresponse.com ].
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Except for the historical information contained herein, the matters discussed above, particularly related to the listing of the company's common stock, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements involve risks and uncertainties as set forth in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein.