November 3, 2009 (FinancialWire) — Sonic Foundry, Inc.’s (NASDAQ: SOFO) (Current Market Cap: US $23.07) board has authorized a one-for-ten reverse stock split of the company’s common stock. The reverse split will be effective on November 16.

The reverse stock split affects all issued shares of the company’s common stock. The number of shares reserved for issuance under Sonic Foundry’s equity compensation plans will also be reduced proportionately.

Sonic Foundry’s common stock will start trading on a split-adjusted basis on the NASDAQ on November 17. The number of shares of Sonic Foundry’s common stock issued and outstanding will be reduced from approximately 36,069,000 shares to around 3,606,900 shares post-split.

Madison, Wisconsin-based Sonic Foundry offers a webcasting platform that automates the capture, management, delivery and search of lectures, online training and briefings.

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