Arrayit Corporation Announces Stock Dividend Distribution Date for Shareholders
2/15/2012 7:10:48 AM
SUNNYVALE, Calif.--(BUSINESS WIRE)--Arrayit Corporation (OTCQB: ARYC) announces today that the shareholder stock dividend in the new spin-off Arrayit Diagnostics, Inc. (AD) will be determined by the number of ARYC shares owned as of the record date, which is expected to occur by the end of the first quarter, March 30th, 2012. Upon completion of the spin-off, AD will operate as an independent entity and its common stock will trade as a new ticker symbol on either the NASDAQ or OTCQB. AD CEO John Howell will lead the new company, and is expanding its executive team and forming a Scientific Advisory Board.
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