Holmes announces legal name change, stock split, new trading symbol

By Elaine Rigoli

Tampa, Fla., July 21 - Holmes Biopharma, Inc., formerly Holmes Herbs, Inc., announced its new corporate name change, a 3-for-1 forward stock split and the change of its trading symbol on the Over-The-Counter Bulletin Board to "HLMB," effective July 21.

Holmes said the name change will more accurately reflect the company's new business operations in the clinical drug research industry.

Further, Holmes said the forward stock split of the common stock will result in a lower trading range for the company's common stock, which may make it easier to complete additional equity financing.

On Thursday, Holmes had 13,427,544 shares of common stock outstanding and the forward split will result in 40,282,632 shares outstanding.

Holmes Biopharma, based in Scottsdale, Ariz., develops contract research services for health care companies.

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