Rockwell Medical Announces 1-for-11 Reverse Stock Split, Effective May 13

WIXOM, Mich., May 12, 2022 /PRNewswire/ — Rockwell Medical, Inc. (NASDAQ:RMTI), a biopharmaceutical company dedicated to transforming the treatment of iron deficiency and anemia management, today announced that its Board of Directors has approved a 1-for-11 reverse split of the Company’s issued and outstanding common stock (the “Reverse Stock Split”). The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on May 13, 2022. Rockwell Medical’s common stock is expected to begin trading on the Nasdaq Capital Market on a split-adjusted basis on May 13, 2022. The Company’s common stock will continue to trade under the symbol “RMTI.”