other_material
confidence high
sentiment neutral
materiality 0.60
Artelo Biosciences completes 1-for-6 reverse stock split; Nasdaq compliance regained
ARTELO BIOSCIENCES, INC.
- Effective 12:01 a.m. ET June 13, 2025; each 6 pre-split shares combine into 1 post-split share; outstanding shares reduced from 3,280,000 to ~546,667.
- Authorized common shares reduced from 50M to 8,333,333; preferred authorized reduced from 416,667 to 69,444.
- New CUSIP: 04301G607. No fractional shares; holders receive one whole share for any fractional entitlement.
- Warrants adjust: each 6 pre-split warrants (exercise $0.75) combine into 1 warrant exercisable at $4.50 per post-split share.
- Nasdaq confirmed on June 13, 2025 that ARTL regained compliance with the $1.00 minimum bid price requirement; deficiency matter closed.
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