01:39 PM EDT, 03/18/2025 (MT Newswires) -- Outset Medical ( OM ) said Tuesday it is implementing a one-for-15 reverse stock split of its common stock, with its shares to begin trading on a split-adjusted basis on March 20.

The reverse stock split will reduce the number of shares to about 17 million from around 265 million, the company said.

The shares were down almost 8% in recent trading.

Price: 0.53, Change: -0.05, Percent Change: -7.92