This Week
  • Williamson businesses and residents are signing up to become part of a solar system.

  • RIT, RGH hold opening ceremonies for RIT's Clinical Health Sciences Center.

  • Thomas Bonadio has grown the Bonadio Group into the nation's 40th largest CPA firm.

  • Steve General Contractor was founded in 1973 by a Jamaican immigrant.

  • Tim Dougherty found satisfaction in creating a nutritional lifestyle.

  • The 2015 edition features an exclusive interview with Paychex CEO Martin Mucci.

VirtualScopics completes 1-for-10 reverse stock split

Rochester Business Journal
August 22, 2013

VirtualScopics Inc.’s shares underwent a 1-for-10 reverse split late Wednesday afternoon.

As a result of the stock split, 10 shares of the medical image analysis company’s outstanding common stock will be combined into one share, without any change to the par value per share, VirtualScopics said.

VirtualScopics’ stock (NasdaqCM: VSCP) was trading at $5.75 early Thursday afternoon. It had closed Wednesday at 52 cents a share, prior to the split.

The firm’s shares will continue to trade under the symbol VSCP on a split-adjusted basis on the Nasdaq capital market. VirtualScopics’ board decided in favor of a stock split to help the company regain compliance with the minimum $1 bid price per share requirement for continued listing on Nasdaq.

The company said it does not believe it will regain compliance by Aug. 26, the deadline set by Nasdaq, and, as a result, it might receive a delisting notice. VirtualScopics expects to appeal any such notice, which would stay the delisting pending outcome of the appeal.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google