AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Flora Growth Announces 1-for-39 Share Consolidation to Regain Nasdaq Compliance
ByAinvest
Friday, Aug 1, 2025 12:20 am ET1min read
Flora Growth Corp. announced a 1-for-39 share consolidation, effective August 3, 2025, to regain Nasdaq listing compliance. The stock will trade on a post-consolidation basis on August 4, 2025, under the same ticker FLGC with a new CUSIP number. Shareholders holding shares electronically or through brokers are not required to take any action as their positions will be adjusted automatically. The consolidation aims to increase the bid price of common shares.
Flora Growth Corp. (NASDAQ: FLGC) has announced a significant 1-for-39 reverse stock split of its issued and outstanding common shares, effective August 3, 2025. The consolidation aims to increase the bid price of common shares to regain compliance with Nasdaq Capital Market listing requirements.The share consolidation will be effective at 5:00 p.m. Eastern Time on August 3, 2025. As a result, for every 39 existing shares, shareholders will receive one new share. The stock will continue trading under the ticker "FLGC" with a new CUSIP number 339764300. The consolidation was approved by shareholders on June 30, 2025, authorizing a ratio range of 1-for-10 up to 1-for-100. No action is required from shareholders holding shares electronically or through brokers, as their positions will be adjusted automatically to reflect the consolidation.
The consolidation is strategically aimed at addressing the company's falling share prices and non-compliance with Nasdaq's minimum bid price requirement. By increasing the bid price, Flora Growth aims to maintain its listing on the Nasdaq and preserve shareholder value. The new shares will be fully paid and non-assessable, and the consolidation will not affect the par value or voting power of the shares.
References:
[1] https://finance.yahoo.com/news/flora-growth-corp-announces-1-120100394.html
[2] https://www.gurufocus.com/news/3021688/flora-growth-corp-announces-1for39-share-consolidation-flgc-stock-news
[3] https://www.stocktitan.net/news/FLGC/flora-growth-corp-announces-1-for-39-share-xn7cgt4tih5i.html
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet