Bynd Cannasoft Enterprises, Inc. (TSE:BYND) has released an update.
BYND Cannasoft Enterprises Inc. (Nasdaq:BCAN) has effectively executed a 1-for-190 reverse stock split on March 22, 2024, to comply with Nasdaq’s minimum bid price requirements. The adjustment reduced the total number of outstanding common shares to approximately 777,641, with all shareholders’ relative interests maintained, barring adjustments for fractional shares. The move is aimed at continuing the company’s listing on The Nasdaq Capital Market.
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