KAILUA KONA, Hawaii--(BUSINESS WIRE)--Sept. 21, 2006--Cyanotech Corporation (Nasdaq Capital Market: CYAN) announced today that its Board of Directors at a meeting held on September 15, 2006 authorized a one for four shares reverse stock split of its common stock to take effect on the date a Certificate of Change relating thereto is filed with the Secretary of State of the State of Nevada or at such later date as may be specified in such Certificate not to exceed 90 days after such filing. The reverse stock split is expected to become effective, taking into account the time required to print stock certificates and to complete other details, no later than November 17, 2006.
