other material
confidence high
sentiment neutral
materiality 0.55
Edesa Biotech announces 1-for-7 reverse share split effective October 11, 2023
Edesa Biotech, Inc.
- Reverse split reduces outstanding shares from ~21.5M to ~3.07M; no change in proportional ownership.
- No fractional shares issued; fractions rounding per British Columbia law.
- Adjustments made to equity awards and warrants exercise prices and shares.
- Shareholder approval not required under British Columbia corporate law.
- Common shares continue trading under symbol EDSA with new CUSIP 27966L306.