Aurora Cannabis plans 1-for-12 reverse stock split, to enhance liquidity with new at-the-market program [MarketWatch]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: MarketWatch
Aurora Cannabis Inc. said Monday it is taking steps to improve liquidity and regain compliance with New York Stock Exchange listing requirements, after its stock traded below $1 for more than 30 days. The company said its board has approved a 1-for-12 reverse stock split scheduled for on or about May 11. The Canadian cannabis company had $205 million in cash at the end of March, including all amounts raised in an at-the-market (ATM) offering program initially announced in May of 2019. To bolster its balance sheet, the company is planning a renewed ATM program to raise additional equity capital on top the roughly $350 million that remains available under its outstanding shelf prospectus. "The company intends to use a portion of this available capacity to provide further balance sheet strength and preserve flexibility given macroeconomic uncertainty caused by COVID-19," the company said in a statement. Aurora is on track with its previously announced business transformation plan, that i
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News
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- Aurora Cannabis: Medical Sales Boom Worldwide, Cash Flow to Swing Positive – Quarterly Update Report [Yahoo! Finance]Yahoo! Finance
ACB
Earnings
- 11/5/25 - Miss
ACB
Sec Filings
- 11/5/25 - Form 6-K
- 11/5/25 - Form 6-K
- 10/23/25 - Form 6-K
- ACB's page on the SEC website