Neptune Wellness Solutions Inc. Completes 1-For-40 Share Consolidation; Post-Consolidation Common Shares Will Commence Trading On The Nasdaq At The Market Open On Or About September 8, 2023
Portfolio Pulse from Happy Mohamed
Neptune Wellness Solutions Inc. (NASDAQ:NEPT) has completed a 1-for-40 share consolidation, reducing the number of common shares from 24.1 million to 0.6 million. The post-consolidation common shares will commence trading on the NASDAQ on or about September 8, 2023. The company's name and trading symbol remain unchanged.
September 07, 2023 | 4:03 pm
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Neptune Wellness Solutions has completed a 1-for-40 share consolidation, which will reduce the number of common shares from 24.1 million to 0.6 million. The post-consolidation shares will start trading on NASDAQ on or about September 8, 2023.
The share consolidation will reduce the number of Neptune's common shares significantly, which could potentially lead to increased volatility in the stock's price. However, the impact on the stock's price direction is uncertain as it could be influenced by various factors including market sentiment and the company's future performance.
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