Aureal formally Changes Name
Aureal Semiconductor, a leader in digital audio imaging, announced the record date for its previously announced 1-for-15 reverse stock split will be effective as of the close of business on June 10, 1999.
Aureal formally Changes Name gets a June 1999 update. Aureal Semiconductor, a leader in digital audio imaging, announced the record date for its previously announced 1-for-15 reverse stock split will be effective as of the close of business on June 10, 1999.
Aureal’s stockholders approved the reverse stock split at their annual meeting on May 19, 1999. In addition, the company announced it will change it name to Aureal, Inc. to more accurately reflect the company’s transition to a broadly focused company in digital audio imaging hardware and software. Aureal also indicated that all of its Series B and C Preferred Stock has been converted into common stock as of May 21, 1999.