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15:07 EDT Cobalt announces effectiveness of 1-for-15 reverse stock split - Cobalt announced that its previously announced 1-for-15 reverse stock split became effective at the close of regular NYSE trading hours on June 16. Cobalt's common stock will begin trading on a post-reverse stock split basis at the opening of the NYSE's regular trading hours on June 19. Cobalt effected the reverse stock split by filing an amendment to its second amended and restated certificate of incorporation with the Delaware Secretary of State. Cobalt's shares of common stock will continue to trade on the New York Stock Exchange under the symbol "CIE" under the new CUSIP number 19075F 304.
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