Neptune Wellness Solutions Inc. Announces 1-For-40 Share Consolidation
Portfolio Pulse from Happy Mohamed
Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has announced a 1-for-40 share consolidation of its outstanding common shares. The consolidation will reduce the number of common shares from approximately 24.1 million to around 0.6 million. The exact date of the consolidation and when the shares will begin trading on a post-consolidation basis will be announced later. The company's name and trading symbol will remain unchanged on the Nasdaq.
August 23, 2023 | 8:37 pm
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Neptune Wellness Solutions Inc. is conducting a 1-for-40 share consolidation, significantly reducing the number of its outstanding common shares.
The share consolidation will significantly reduce the number of Neptune's outstanding common shares, which could potentially affect the stock's liquidity and volatility. However, the exact impact on the stock price is uncertain and will depend on various factors, including market reaction to the consolidation.
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