Akanda Announces Stock Consolidation [Yahoo! Finance]
Akanda Corp. (AKAN)
Company Research
Source: Yahoo! Finance
company, reported that it expects to implement a 1-for-40 reverse stock split on its ordinary shares effective May 23, 2024, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the ordinary shares will continue on The Nasdaq Capital Market under the symbol "AKAN". The new CUSIP number for the ordinary shares following the reverse stock split is 00971M304. Upon the effectiveness of the reverse stock split, every 40 shares of the Company's issued and outstanding ordinary shares will automatically be converted into one issued and outstanding ordinary share. No fractional shares will be issued as a result of the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded down to the next whole number. The reverse stock split affects all shareholders uniformly and will not alter any shareholder's percentage interest in the Company's outstanding ordinary shares, except for adjustments that may result fr
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AKAN
News
- Akanda Corporation Announces Completion of F-3 Shelf Registration Statement [Yahoo! Finance]Yahoo! Finance
- Akanda Has Regained Compliance with Nasdaq's Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Receives Notice of Non-Compliance from NASDAQ [Yahoo! Finance]Yahoo! Finance
- Akanda Corp Announces Settlement Agreement with Former CEO Tejinder Virk [Yahoo! Finance]Yahoo! Finance
- Akanda Corp. Announces Plans to Be Among International First Movers Pending Completion of Landmark Change in US Drug Policy [Yahoo! Finance]Yahoo! Finance
AKAN
Sec Filings
- 6/14/24 - Form 6-K
- 6/12/24 - Form 6-K
- 5/20/24 - Form 6-K
- AKAN's page on the SEC website