SCIENCE/TECHNOLOGY

Codercard, a Newport Beach developer of computer security devices, said it will ask shareholders to approve a reverse stock split and reincorporation of the company in Delaware.

Chairman Ronald Hofer said the changes are intended to assist Codercard’s transition from a company in the development stage to a fully operating firm with manufacturing, marketing and sales operations.

A reverse stock split reduces a company’s total shares outstanding. The shares have the same total market value immediately after the split as before it, but each share is worth more. Codercard’s shares have been trading between 50 cents and 60 cents per share.

Hofer said the split is intended to boost Codercard’s price per share and attract more interest from individual investors and investment firms.

Codercard is seeking reincorporation in Delaware because of what it considers that state’s more favorable securities, tax and corporate laws, Hofer said. The firm is currently incorporated in Nevada.