Tilray Brands, Inc., a global lifestyle and consumer packaged goods company, will implement a one-for-ten reverse stock split of its common stock.
The Reverse Stock Split is expected to be effective on December 1, 2025, with trading on a split-adjusted basis starting on December 2, 2025.
This strategic move aligns Tilray's shares outstanding with similar companies, making it more appealing to institutional shareholders and leading to cost savings.
Reverse Stock Split Implementation
Tilray Brands will execute a 1-for-10 reverse stock split to align shares with industry peers and enhance shareholder appeal.
Effective Date
The Reverse Stock Split will be effective on December 1, 2025, with trading on a split-adjusted basis commencing on December 2, 2025.
Objectives of the Split
The Reverse Stock Split aims to align shares, attract institutional investors, and reduce Annual Meeting expenditures, potentially saving up to $1 million annually.
- The Reverse Stock Split will consolidate every ten shares into one, reducing outstanding shares from 1.16 billion to 116 million, without impacting ownership percentages.
- Fractional shares will be converted to cash, and stockholders' ownership will stay proportional, except for potential fractional share situations.
Tilray Brands' strategic implementation of the reverse stock split is poised to streamline operations, enhance investor appeal, and potentially lead to cost savings, highlighting the company's commitment to efficient capital structure management.