05:49 PM EDT, 05/21/2024 (MT Newswires) -- BioCardia ( BCDA ) said late Tuesday it plans to implement a 1-for-15 reverse split of its common shares to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

The company expects its shares to start trading on a split-adjusted basis May 30.

BioCardia ( BCDA ) shares fell 6.4% in after-hours activity.

Price: 0.3801, Change: -0.03, Percent Change: -6.38