11:39 AM EDT, 10/11/2024 (MT Newswires) -- Biora Therapeutics ( BIOR ) said Friday its board has approved a 1-for-10 reverse stock split as well as a reduction in the total number of authorized common shares to 255 million from 300 million.

The reverse split will take effect on Oct. 18, when the stock will begin trading on a split-adjusted basis at market open, the company said.

Biora Therapeutics ( BIOR ) shares were down 6.7% in recent trading.

Price: 0.52, Change: -0.04, Percent Change: -6.67