STONY BROOK, N.Y., Oct. 29, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Applied DNA Sciences, Inc. (OTCQB: APDND), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced that its 1-for-60 reverse split of its common stock became effective at the beginning of trading today, Wednesday, October 29, 2014.
The Common Stock will be reported for 20 business days under the temporary ticker symbol "APDND," with the "D" added to signify that the reverse stock split has occurred. After 20 business days, the symbol will revert to the original symbol of "APDN." In connection with the reverse stock split, the CUSIP number for the Common Stock has been changed to 03815U 201.
Information for shareholders:
American Stock Transfer and Trust Company, LLC is acting as exchange agent for the Reverse Stock Split and will send instructions to stockholders of record who hold stock certificates regarding the exchange of certificates for Common Stock. Stockholders who hold their shares in brokerage accounts or "street name" are not required to take any action to effect the exchange of their shares following the Reverse Stock Split.
American Stock Transfer and Trust Company may be reached for questions at 877-248-6417 or 718-921-8317.
More information on the reverse stock split can be found in Applied DNA Sciences' Form 8-K, which was filed with the Securities and Exchange Commission on October 29, 2014.
Additional information on Applied DNA Sciences reverse stock split will be available beginning on or about November 1, 2014 in the "Reverse Stock Split FAQs" on the Investor page of the Company's website at: http://www.adnas.com/investor-information-0
About Applied DNA Sciences
APDN is a provider of botanical-DNA based security and authentication solutions and services that can help protect products, brands, entire supply chains, and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature® DNA describes the uncopyable marker that is at the heart of all of our security and authentication solutions. SigNature DNA is at the core of a family of products such as DNAnet®, our anti-theft product, SigNature® T, targeted toward textiles, and digitalDNA®, providing powerful track and trace. All provide a forensic chain of evidence and can be used to prosecute perpetrators.
The statements made by APDN may be forward-looking in nature. Forward-looking statements describe APDN's future plans, projections, strategies and expectations, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of APDN. Actual results could differ materially from those projected due to our short operating history, limited financial resources, limited market acceptance, market competition and various other factors detailed from time to time in APDN's SEC reports and filings, including our Annual Report on Form 10-K filed on December 20, 2013 (amended on May 1, 2014) and our subsequent quarterly reports on Form 10-Q/A (for the quarterly period ended December 31, 2013) and Form 10-Q for the quarterly periods ended March 31, 2014 and June 30, 2014. APDN undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
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