secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2026-06-11T10:08:37+00:00
Accession:  0001493152-26-028207
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano completes 1-for-5 reverse stock split, reduces authorized shares to 1 billion
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- 1-for-5 reverse stock split effective June 11, 2026; shares reduced from 367.7M to ~73.9M.
- Authorized shares cut from 5 billion to 1 billion; no fractional shares issued; cash in lieu.
- Split supports prospective uplist to a U.S. exchange; shares trade on Cboe Canada and OTCQX.
- Normal course issuer bid amended to allow repurchase of up to 3,643,858 shares post-split.
- Proportional adjustments to stock options, RSUs, and convertible securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000149315226028207/0001493152-26-028207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000149315226028207/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-028207

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer