Press Release
TransEnterix Announces Plan for Reverse Stock Split
● Company’s action intended to increase the market price of its Common Stock in connection with its previously-announced pursuit of strategic alternatives
● Special Meeting of Stockholders to approve Reverse Stock Split scheduled for
● Preliminary Proxy Statement filed with the
“We have proactively initiated this reverse stock split to better position the company for long term success,” said
About
Forward-Looking Statements
This press release includes statements relating to the reverse stock split proposal and the company’s plans to file definitive proxy materials and seek stockholder approval for a reverse stock split of the company’s common stock. These statements and other statements regarding our future plans and goals constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations and include when the reverse stock split proposal will be presented to stockholders for approval, whether the reverse stock split proposal will be approved by the company’s stockholders at a special meeting, and whether the reverse stock split, if implemented, will have the desired impact on the company’s stock price. For a discussion of the risks and uncertainties associated with
View source version on businesswire.com: https://www.businesswire.com/news/home/20191030005464/en/
Source:
TransEnterix, Inc.
Investor Contact:
Mark Klausner, 443-213-0501
invest@transenterix.com
or
Media Contact:
Terri Clevenger, 203-682-8297
terri.clevenger@icrinc.com