Icagen, Inc. Sets Date for Reverse Stock Split

RESEARCH TRIANGLE PARK, N.C., Sept. 3, 2010 (GLOBE NEWSWIRE) -- Icagen, Inc. (Nasdaq:ICGN) today announced that its Board of Directors has determined to proceed with the one-for-eight reverse stock split previously approved by its stockholders. Icagen expects to file an amendment to its certificate of incorporation on September 21, 2010 in order to effect the reverse split and to fix on a post-split basis the number of authorized shares of its common stock at 18,750,000. This amendment was approved by Icagen's stockholders at the company's annual meeting of stockholders held on June 3, 2010.

Back to news