other material
confidence high
sentiment neutral
materiality 0.45
Medicus Pharma sets 50-to-1 reverse split effective Oct 12 to regain Nasdaq minimum bid price compliance
Medicus Pharma Ltd.
- Fifty-to-one share consolidation effective October 12, 2026: every 50 common shares automatically exchanged for one new share; ticker remains MDCX.
- Board approved the ratio under shareholder authorization granted at the June 3, 2026 Annual General and Special Meeting for a consolidation of up to fifty-to-one.
- Common shares expected to trade on a consolidated basis on the Nasdaq Capital Market at the open on October 12, 2026, under new CUSIP 58471K301 and ISIN CA58471K3010.
- No fractional shares will be issued; holders of non-evenly-divisible positions are rounded down to the next whole share with cash paid in lieu.
- Exercise prices and share counts of outstanding equity awards, convertible securities and warrants, plus shares reserved under equity incentive plans, will be adjusted proportionately.