InMed Announces Share Consolidation to Satisfy Nasdaq Listing Rules [Yahoo! Finance]
InMed Pharmaceuticals Inc. - Common Shares (INM)
Company Research
Source: Yahoo! Finance
company focused on developing a pipeline of proprietary small molecule drug candidates for diseases with high unmet medical needs, today announced, pursuant to a directors' resolution, InMed will be consolidating all of its issued and outstanding share capital on the basis of one (1) post-consolidation share for each twenty (20) pre-consolidation common shares, no par value, of the Company (the " Common Shares ") in order to regain compliance with all of Nasdaq's continued listing requirements (the " Consolidation The Consolidation will result in the number of issued and outstanding Common Shares being reduced from 14,361,550 to approximately 718,078 Common Shares on a non-diluted basis, and each shareholder will hold the same percentage of Common Shares outstanding immediately after the Consolidation as such shareholder held immediately prior to the Consolidation. The exercise price and number of Common Shares issuable upon the exercise of outstanding stock options, warrants or o
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Sec Filings
- 11/20/24 - Form 8-K
- 11/15/24 - Form 8-K
- 11/14/24 - Form SC
- INM's page on the SEC website