IM Cannabis 1:4 share rollback
2021-02-11 10:51 MT - Rollback
CSE bulletin 2021-0225
IM Cannabis Corp. has consolidated its issued and outstanding common shares on the basis of one postconsolidation common shares for every four preconsolidation common shares.
As a result, the outstanding shares of the company will be reduced to approximately 40,061,364 common shares.
There are currently 9,729,258 common share purchase warrants listed for trading on the Canadian Securities Exchange (IMCC.WT), each exercisable at $1.30 per warrant for one common share. Following the share consolidation, the number of listed warrants outstanding will not be altered; however, the exercise terms will be adjusted in accordance with the terms of the warrant indenture dated Aug. 30, 2019, as supplemented on Nov. 14, 2019, such that four warrants will be exercisable for one common share following the payment of an adjusted exercise price of $5.20.
The name and symbol will not change.
Trading on a consolidated basis: Feb. 12, 2021
Record date: Feb. 16, 2021
Symbols: IMCC and IMCC.WT
New Cusip No.: 44969Q 20 8
New ISIN: CA 44969Q 20 8 0
Old Cusip No.: 44969Q 10 9
Old ISIN: CA 44969Q 10 9 0
stockwatch.com |
