FSD Pharma Rebrands As Quantum BioPharma: Major Share Consolidation Announced
Portfolio Pulse from Juan Spínelli
FSD Pharma Inc. (NASDAQ:HUGE) is rebranding to Quantum BioPharma Ltd. and undergoing a share consolidation to meet Nasdaq's listing requirements. The consolidation will convert every 65 pre-consolidation shares into 1 post-consolidation share, effective August 15, 2024. The company will also conduct a private placement to strengthen voting rights.
August 12, 2024 | 4:44 pm
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FSD Pharma Inc. (NASDAQ:HUGE) is rebranding to Quantum BioPharma Ltd. and consolidating shares to meet Nasdaq's listing requirements. The consolidation will convert every 65 pre-consolidation shares into 1 post-consolidation share, effective August 15, 2024.
The share consolidation is likely to increase the share price, helping the company meet Nasdaq's minimum bid price requirement. The rebranding aligns with the company's evolving business focus, potentially attracting new investors.
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