Akanda Corp. Announces Reverse Stock Split
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Akanda Corp. (NASDAQ: AKAN) will implement a 1-for-2 reverse stock split effective November 14, 2024. This move was approved by shareholders and the Board of Directors earlier this year.
November 12, 2024 | 1:45 pm
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Akanda Corp. is implementing a 1-for-2 reverse stock split, effective November 14, 2024. This action, approved by shareholders and the Board, will adjust the trading price of its shares.
The reverse stock split will reduce the number of shares outstanding, potentially increasing the stock price per share. This is a neutral event as it does not change the company's market capitalization but may affect investor perception and trading dynamics.
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IMPORTANCE 70
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