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BriaCell Announces Proposed Effective Date of Share Consolidation
Friday, 3rd January at 5:05 pm
PHILADELPHIA and VANCOUVER, British Columbia, Jan. 03, 2025 (GLOBE NEWSWIRE) -- BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW)) (TSX: BCT) ("BriaCell" or the "Company"), a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care announced today that the Company's board of directors has approved the consolidation (the "Consolidation") of the Company's issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every fifteen (15) pre-Consolidation Common Shares. The Consolidation is being implemented to ensure that the Company continues to comply with the listing requirements of The Nasdaq Capital Market (the "Nasdaq").
The Consolidation is subject to approval by the Toronto Stock Exchange (the "TSX") and is expected to become effective on January 24, 2025 (the "Effective Date"), with the post-Consolidation Common Shares commencing trading on the TSX and the Nasdaq at market open on January 29, 2025, subject to final confirmation from the TSX and the Nasdaq. No fractional Common Shares will be issued in connection with the Consolidation. Any fractional Common Shares arising from the Consolidation will be deemed to have been tendered by its registered owner to the Company for cancellation for no consideration. The exercise or conversion price and/or the number of Common Shares issuable under any of the Company's outstanding convertible securities will be proportionately adjusted in connection with the Consolidation.
Friday, 3rd January at 5:05 pm
PHILADELPHIA and VANCOUVER, British Columbia, Jan. 03, 2025 (GLOBE NEWSWIRE) -- BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW)) (TSX: BCT) ("BriaCell" or the "Company"), a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care announced today that the Company's board of directors has approved the consolidation (the "Consolidation") of the Company's issued and outstanding common shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every fifteen (15) pre-Consolidation Common Shares. The Consolidation is being implemented to ensure that the Company continues to comply with the listing requirements of The Nasdaq Capital Market (the "Nasdaq").
The Consolidation is subject to approval by the Toronto Stock Exchange (the "TSX") and is expected to become effective on January 24, 2025 (the "Effective Date"), with the post-Consolidation Common Shares commencing trading on the TSX and the Nasdaq at market open on January 29, 2025, subject to final confirmation from the TSX and the Nasdaq. No fractional Common Shares will be issued in connection with the Consolidation. Any fractional Common Shares arising from the Consolidation will be deemed to have been tendered by its registered owner to the Company for cancellation for no consideration. The exercise or conversion price and/or the number of Common Shares issuable under any of the Company's outstanding convertible securities will be proportionately adjusted in connection with the Consolidation.
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HannChau : hmm![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
, post consolidation it may drop, last time lipella also drop post consolidation.
Jaguar8 OP HannChau : Almost always they drop
癞气疤子 : this company made 3 times offer new shars when the price up to 1.2 at last three months, drive price down below 1 three times , now they are going RS ? so so so ugly
Jaguar8 OP 癞气疤子 : That is actually crazy. Yup they do it
Mangkawat : after RS . our share should be drop?
Jaguar8 OP Mangkawat : No. Your share will be consolidated but the price will be multiplied by the ratio maintaining the value of your share. HOWEVER, almost always that a stock takes a dip immediate post RS
Mangkawat Jaguar8 OP : thanks.