It looks like it worked. VirtualScopics Inc.’s strategy to implement a reverse stock split has helped its shares remain listed on the Nasdaq stock exchange.
The company said on Friday that it has received notification from Nasdaq that its stock meets the minimum bid price requirement and other standards for continued listing.
Last month, VirtualScopics’ shares underwent a 1-for-10 reverse split. The company’s shares were trading at $4.84 on Friday.