Guided Therapeutics, Inc. (OTCQB: GTHP) today announced a one-for-eight hundred (1:800) reverse split of its issued and outstanding common stock. The reverse stock split will be implemented when the market opens on Monday, November 9, 2016 and Guided's common stock will begin trading on a split-adjusted basis at that time, with a "D" temporarily appended to the end of its ticker symbol for 20 business days to signify the split. In addition, on November 2, 2016, Guided completed the last of a series of agreements with various holders of its convertible debt and equity securities to effectively eliminate the ability of those holders to convert their securities into common stock using a formula that relies on fluctuating market prices to determine the number of shares of common stock to be issued on conversion. Because these provisions can lead to dramatic stock price reductions and corresponding negative effects on stockholders, these types of securities have colloquially been called "toxic" convertibles. Going forward, all holders of Guided securities with such provisions have either exchanged, or agreed to exchange, those securities for securities with fixed-conversion formulas, which will effectively limit the reduction in earnings per share and proportional ownership that occurs when holders of convertible securities convert those securities into common stock. "This exchange was the final piece in having all preferred stock and debt to be converted at a fixed price. This event marks an important milestone in the Company's ability to fix its capital structure," said Gene Cartwright, Guided Therapeutics CEO and President. The reverse stock split affects all issued and outstanding shares of Guided's common stock, as well as shares of common stock underlying stock options, warrants and convertible preferred stock outstanding immediately prior to the reverse stock split. Guided's stockholders granted authority to the Board of Directors to effect the reverse stock split at the 2016 annual meeting of stockholders held on September 23, 2016.