ReShape Lifesciences Inc. (NASDAQ: RSLS) stock plunged 0.66% at the last close, while RSLS stock price gained 25% in the trading session before the market began trading. ReShape Lifesciences is the leading US provider of weight loss solutions, with a comprehensive portfolio of proven products and services for the management and treatment of obesity and metabolic diseases.
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Recent past development
The previously announced merger between ReShape Lifesciences and Obalon Therapeutics has been completed. Obalon was renamed ReShape Lifesciences Inc. as part of the agreement, and the common shares of the combined company began trading on the NASDAQ Capital Market on June 16, 2021, under the stock code “RSLS”.
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Bart Bandy, President and CEO of ReShape Lifesciences said:
ReShape is well positioned to take advantage of the various benefits of being a NASDAQ listed company, including the ability to improve shareholder value and build awareness of the broader investment community. Completing and exceeding this important step is a decisive event in the existence of their organization.
Otherwise,
After the previously announced completion of its merger with Obalon Therapeutics, ReShape Lifesciences said its common shares traded successfully on the first day of sales, including more than 3.5 million shares on the Nasdaq Capital Market under the ticker code “RSLS”.
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Bart Bandy, President and CEO of ReShape Lifesciences said:
One of RSLS’s main strategic goals has been to join NASDAQ, and they are delighted to have reached this essential milestone. They are excited to leverage the strengths of a Nasdaq-listed company to further their mission to become the top-rated physician-led weight loss solutions company, which is currently pegged to the more important Lap-Band system. of 1,000,000 people in the world. internships and the reshape care virtual health program recently introduced by RSLS, which is reimbursed by many major insurance companies.
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