TORONTO and GLIL YAM, Israel –IM Cannabis Corp.’s common shares, no par value per share, commenced trading August 27 on the Nasdaq Capital Market LLC on a 30:1 post-consolidated basis.
The Company’s new CUSIP and ISIN numbers are 44969Q505 and CA44969Q5059, respectively.
After giving effect to the consolidation, the common shares were reduced from 18,567,650 to 618,899, subject to rounding for fractional shares. No fractional shares were issued in connection with the consolidation. Instead, all fractional shares equal to or greater than one-half resulting from the consolidation were rounded to the next whole number; otherwise, fractional shares representing less than one-half of a share were cancelled. The exercise price and/or conversion price and number of common shares issuable under any of the company’s outstanding convertible securities were proportionately adjusted in connection with the consolidation.
Computershare Investor Services Inc., the company’s registrar and transfer agent for the shares, has mailed letters of transmittal to registered shareholders of record as of August 27, 2026, providing instructions for the exchange of share certificates or direct registration system statements representing pre-consolidation common shares for share certificates or direct registration system statements representing post-consolidation common shares. Registered shareholders may also obtain a copy of the letter of transmittal by accessing the Company’s SEDAR+ profile. Until surrendered, each share certificate or direct registration system statement representing pre-consolidated shares will represent the number of whole post-consolidated shares to which the holder is entitled as a result of the consolidation. No action is required by beneficial holders to receive post-consolidation shares in connection with the consolidation. Beneficial holders who hold their shares through intermediaries (e.g., a broker, bank, trust company, investment dealer or other financial institution) and who have questions regarding how the consolidation will be processed should contact their intermediaries with respect to the consolidation.
