12:19 PM EDT, 03/13/2024 (MT Newswires) -- ReWalk Robotics ( LFWD ) said Wednesday that it will complete a 1-for-7 reverse split of its ordinary shares, effective Friday.

The reverse split is aimed at helping the company regain compliance with the minimum bid price requirement for continued listing on the Nasdaq.

Shares of ReWalk Robotics ( LFWD ) fell nearly 8% in recent trading activity.

Price: 0.67, Change: -0.05, Percent Change: -7.57