Stem Holdings (STMH) has released an update to notify the public and investors about a material modification to rights of security holders.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Stem Holdings, Inc. has implemented a one for 100 reverse stock split effective February 1, 2024, with shares trading on the OTC Pink Sheets and the CSE under the symbols STMH and STEM, respectively. This move, backed by shareholders and the Board of Directors, reduces the number of outstanding shares from 557,999,222 to 5,579,992, with fractional shares rounded up. Shareholders do not need to take any action as the change is handled automatically by the DTC and brokerage firms, and inquiries can be directed through an online ticketing system.
For further insights into STMH stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.