Court sides with psychedelic biotech, over hedge fund [Advisor.ca (Canada)]
Psyence Biomedical Ltd. - Common Shares (PBM)
Company Research
Source: Advisor.ca
An Ontario court denied a hedge fund's request to adjourn and delay a company's annual meeting, amid allegations that the company had engaged in “oppressive conduct” against the fund. The court ruled that the company complied with the law in calling the meeting, and indicated that courts shouldn't be quick to intervene. According to a decision of the Ontario Superior Court of Justice, a hedge fund, Kaos Capital Ltd., brought an urgent application, asking the court to delay the planned annual meeting of a biotech company, Psyence Biomedical Ltd. (PBM), citing concerns about the circumstances surrounding the meeting. The company is purportedly developing “psychedelic” medicines. The court said that the hedge fund sought an order delaying the company's shareholder meeting until Feb. 22 at the earliest, arguing that the notice provided to shareholders about the meeting didn't comply with legal requirements, and arguing that the short notice prevented it from nominating directors. H
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PBM
News
- Court sides with psychedelic biotech, over hedge fund [Investment Executive - News]Investment Executive - News
- Psyence BioMed Announces Effective Date for 1-for-6.25 Reverse Stock SplitGlobeNewswire
- Psyence BioMed Announces Adjournment of Annual and Special Shareholder Meeting on January 22, 2026GlobeNewswire
- Psyence BioMed Announces Postponement of Previously Announced Reverse Stock Split Effective DateGlobeNewswire
- Psyence BioMed Announces Effective Date for 1-for-6.25 Reverse Stock SplitGlobeNewswire
PBM
Sec Filings
- 1/29/26 - Form 6-K
- 1/27/26 - Form 6-K
- 1/14/26 - Form 6-K
- PBM's page on the SEC website