IM Cannabis Announces Intention to Complete 30:1 Share Consolidation to Support Nasdaq Minimum Bid Price Compliance
IM Cannabis Corp. approved a 30:1 share consolidation, expected to be effective August 27, 2026, to increase the per-share price and regain compliance with Nasdaq's $1.00 minimum bid rule. Upon completion, the number of issued and outstanding common shares will be reduced from approximately 18.1 million to roughly 603,922, with CUSIP and ISIN numbers changing accordingly.
Key figures
- Reverse split ratio
- 30:1
- Pre shares outstanding
- 18117650
- Post shares outstanding est
- 603922
AI analysis
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