Aeterna Zentaris announces effective date of share consolidation

Aeterna Zentaris has filed articles of amendment to effect the previously announced share consolidation of its issued and outstanding common shares on the basis of one post-Consolidation Common Share for every four pre-Consolidation Common Shares. The Consolidation was approved by shareholders of Aeterna at the Company’s special meeting of shareholders held on March 12, 2024 along with other matters related to the merger of equals transaction with Ceapro pursuant to a plan of arrangement. The Consolidation will reduce the number of Common Shares issued and outstanding from approximately 4,855,876 Common Shares to approximately 1,213,969 Common Shares, subject to the elimination of fractional Common Shares. The Common Shares are expected to commence trading on the Toronto Stock Exchange and on the Nasdaq Capital Market on a post-Consolidation basis on or about the opening of trading on May 3, 2024.