InMed Pharmaceuticals to Consolidate Shares for Nasdaq Compliance

InMed Pharmaceuticals (INM) has released an update.

InMed Pharmaceuticals has been granted a temporary exception by Nasdaq to implement a share consolidation in order to meet listing requirements. The company plans to consolidate its shares on a 1-for-20 basis, which will help it regain compliance with the minimum bid price rule. This move aims to enhance shareholder value and ensure continued trading on Nasdaq.

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