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DRUG - Bright Minds proposes share consolidation to regain Nasdaq listing compliance
Bright Minds Biosciences Inc.
2023-06-22 07:09:14 ET
Bright Minds Biosciences ( NASDAQ: DRUG ) intends to consolidate its common shares on a five to one basis, whereby 18,860,359 common shares issued and outstanding will be converted into ~3,772,071 common shares issued and outstanding,
The consolidation is being undertaken to increase the attractiveness to investors and to regain compliance with the Nasdaq listing requirements.