NMI Health Completes Name Change and 1-for-10 Reverse Stock Split
FISHKILL, N.Y., June 5, 2013 /PRNewswire/ -- NMI Health Inc. (NMI or the Company) (OTCQB: NANM), formerly known as Nano Mask Inc., today announced that its previously announced name change and 1-for-10 reverse stock split is effective today. The Company's stock will continue to trade under its ticker symbol NANM on the OTCQB, but will have a different CUSIP number.
As previously disclosed in the Form 8-K filed on April 9, 2013, the Company's Board of Directors, upon receiving shareholder approval, elected to effect a reverse stock split of the Company's common stock at a ratio of 1-for-10 and to change its name NMI Health Inc. to better reflect the nature of its products and current business focus.
Every ten shares of the Company's issued and outstanding common stock have been converted into one issued and outstanding share of common stock. The par value per share remains unchanged at $ 0.001 per share, as has the number of shares of common stock authorized, which remains at 100,000,000. The number of shares of the Company's issued and outstanding common stock has been reduced to approximately 9,869,544. Any fractional shares have been rounded up to the next whole share. In addition, the reverse stock split will effect a proportionate adjustment to the per share exercise price and the number of shares issuable upon the exercise of all outstanding stock options and warrants to purchase or acquire shares of the Company's common stock.
About NMI Health
NMI Health is a healthcare product development and distribution company providing innovative and cost effective emergency and critical care and infection control products to a variety of market segments within the healthcare industry. Our customers range from hospitals, emergency services, surgery centers, long-term care facilities, nursing homes and other clinical settings throughout the healthcare continuum. http://nmihealth.com
For further information:
Ed Suydam, Chief Executive Officer, NMI
(914) 760-7857 email@example.com
SOURCE NMI Health Inc.