Ekso Update – What Ekso’s Latest Move Means For Your Money

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

I’ve got some important news today regarding our favorite Human Augmentation play: Ekso Bionics Holdings Inc. (OTCQB:EKSO).

The company made a major announcement earlier this week that’s proof positive Ekso is on track and progressing nicely as expected. It’s also something I’m extremely excited to see, for reasons I’ll tell you about in a minute.

But first, I want to start by telling you what’s happened and what it means for your money.

Ekso Bionics Holdings Inc. (OTCQB: EKSO) announced Wednesday that the company is undertaking a 1-for-7 reverse stock split in preparation for a proposed listing on the Nasdaq Capital Market.

I told you this was probably in the cards a while back so this shouldn’t come as a surprise. It’s a great sign of things to come and an important development for both the company and your investing dollars.

What you need to do:

  • Nothing. Everything I’m about to share with you happens behind the scenes.

What you will see on your brokerage statement:

  • A new ticker: Ekso’s stock began trading under the temporary symbol EKSOD on Thursday, May 5 and will do so for the next 20 days. Then, it will revert back to EKSO.
  • A new CUSIP number: There will be a new CUSIP number assigned to reflect the newly issued shares. That number for your records is 282644202. A CUSIP, if you’ve never heard the term before, is a 9-digit number that uniquely identifies a given security – in this case EKSO’s stock. It’s kind of like financial DNA, if that helps. CUSIPs are not used so much in stock trading because there are only around 20,000 unique stocks, but CUSIPs apply more to bond trading where they’re used to settle trades on more than 1 million listed issues.

What will happen to your shares, options and warrants:

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Disclosure: None.

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