MoSys Announces 1-For-10 Reverse Stock Split

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MoSys, Inc. (Nasdaq: MOSY), a leader in semiconductor solutions that enable fast, intelligent data access for Cloud, network and communications systems, today announced that as of 5:00 p.m. Eastern Time on February 15, 2017, it will effect a 1-for-10 reverse stock split of its outstanding common stock, which will be effective for trading purposes as of the commencement of trading on February 16, 2017.

The reverse stock split is intended to increase the per share trading price of the Company’s common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market (Nasdaq). Trading of the Company’s common stock on Nasdaq will continue, on a post-split basis, with the opening of the markets on February 16, 2017, under the existing trading symbol “MOSY” and under a new CUSIP number, 619718208.The reverse stock split will reduce the number of outstanding shares of the Company’s common stock from approximately 66 million shares pre-reverse split to approximately 6.6 million shares post-reverse split.

The number of authorized shares of common stock will remain unchanged and the par value per share will be reduced to $0.001. As a result of the reverse stock split, every ten shares of the Company’s pre-reverse split common stock will be combined and reclassified into one share of common stock. Proportionate voting rights and other rights of common stock holders will not be affected by the reverse stock split. No fractional shares will be issued in connection with the reverse stock split; stockholders who would otherwise hold a fractional share of the Company’s common stock will receive cash in an amount equal to the product obtained by multiplying (i) the closing sale price of the common stock on the effective date of the reverse stock split as reported on Nasdaq, by (ii) the number of shares of the common stock held by the stockholder that would otherwise have been exchanged for the fractional share interest.

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