Ascend Wellness seeks shareholder approval for 1-for-10 to 1-for-50 reverse stock split
AAWH•Exchange listing plan and risks
The move supports a planned application to list the Class A common shares on a U.S. national securities exchange.
Management flagged no assurance of an exchange listing or a sustained post-split share price increase.
Special meeting set for Aug. 28
Ascend Wellness Holdings set an Aug. 28 special meeting to seek approval for a reverse stock split of its Class A common shares.
The board proposed a consolidation ratio between 1-for-10 to 1-for-50, with timing left to directors’ discretion.
