04:30 PM EDT, 06/21/2024 (MT Newswires) -- Singular Genomics Systems ( OMIC ) said Friday it will implement a 1-for-30 reverse stock split of its shares to help regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market.

Trading on a split-adjusted basis is expected to start at the market open Wednesday, the company said.

Shares of Singular Genomics ( OMIC ) fell over 8% in after-hours activity.

Price: 0.3198, Change: -0.03, Percent Change: -8.73