Teligent Moves To Consolidate Shares To Stay Listed

As Company Reports Sizeable Q1 Loss

Teligent has followed through with plans to condense its outstanding shares to raise their value and maintain a stock-exchange listing. Meanwhile, the company revealed a sizeable loss for the first quarter of this year, as it gave the latest on its warning letter-stricken facility in Buena, New Jersey.

Share price drop
A decline in Teligent's share price over the years led them to a reverse stock split • Source: Shutterstock

Teligent has confirmed previously mooted plans to consolidate significantly its outstanding shares, in order to maintain listing on the NASDAQ Capital Market.

The US topicals and injectables specialist has undergone a 1-for-10 reverse stock split, engineered towards increasing the per-share trading price...

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