Lucy Scientific Discovery (NASDAQ: LSDI), a company dedicated to advancing the understanding and applications of psychotropic medicines, improving mental-health outcomes, and enhancing well-being for individuals worldwide announces will affect a one-for-ten reverse split of its common shares. According to the announcement, LSDI is hoping the reverse split will help the company regain compliance with NASDAQ’s $1 minimum bid price requirement. The reverse share will become effective on Feb. 26, 2024, with shares expected to begin trading on the split-adjusted basis on the NASDAQ Stock Exchange. “On the effective date, every 10 issued and outstanding shares of the company’s common stock will be converted automatically into one share of the company’s common stock without any change in the par value per share,” stated Lucy Scientific Discovering in the press release.
To view the full press release, visit https://ibn.fm/CKzqI
About Lucy Scientific Discovery Inc.
Lucy Scientific Discovery is a NASDAQ-listed company with holdings and operations in a variety of psychotropic businesses. Lucy Scientific Discovery is dedicated to advancing the understanding and applications of psychotropic medicines, improving mental-health outcomes and enhancing well-being for individuals worldwide. For more information, visit the company’s website at www.LucyScientific.com.
NOTE TO INVESTORS: The latest news and updates relating to LSDI are available in the company’s newsroom at https://ibn.fm/LSDI
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