other material
confidence high
sentiment neutral
materiality 0.65
Verano Announces 1-for-5 Reverse Stock Split, Reducing Shares to ~72.9M, to Facilitate U.S. Exchange Listing
Verano Holdings Corp.
- 1-for-5 reverse stock split effective June 11, 2026; outstanding shares drop from 364,381,806 to ~72,876,361.
- Authorized shares cut from 5B to 1B; fractional shareholders receive cash based on pre-effective closing price.
- Ownership percentages unchanged; all equity awards and convertible securities adjusted proportionately.
- Split follows November 2025 redomicile to Nevada and is intended to position Verano for a major U.S. exchange listing.
- Proxy statement share counts reflect pre-split amounts; percentage ownership and dilution figures remain as of record date.