Nutriband Inc. (NASDAQ:NTRB)(NASDAQ:NTRBW) ("Nutriband" or the "Company") announced today that its Board of Directors has approved and declared a 7:6 forward split of its common stock that is expected to be effective at 12:01AM on August 15 and in effect at the opening of trading on Monday August 15, 2022.
At the effective time of the forward stock split, every six (6) shares of NTRB common stock will be converted into seven (7) shares of common stock, without any change in the par value per share.
As a result of the stock split, holders of pre-split shares of common stock have the right to receive post-split shares of NTRB common stock at the ratio of seven (7) shares of post-split common stock for every six (6) shares of pre-split common stock.
‘Our core goal is to continue to create value for our shareholders following a string of key milestones for the Company in recent months' said Gareth Sheridan, CEO.