Ascend Wellness shareholders back reverse stock split plan for potential US exchange listing
AAWH•Shareholders approve reverse split plan
Ascend Wellness Holdings shareholders backed a reverse stock split, positioning the company for a potential listing on a major U.S. exchange.
The board can set timing and ratio within a 1-for-10 to 1-for-50 range, or opt not to proceed.
Vote tallies: 112,305,378 shares for, 1,391,090 against, 6,371 abstained; 113,702,839 shares represented, or about 56%.
Board authority expires Aug. 28, 2027, or upon a national securities exchange listing, whichever comes first.
