Why Did Akanda (AKAN) Shares Soar 45% After‑Hours?
Strong Bullish
100.0
Akanda Corp. (NASDAQ:AKAN) shares rose 44.86% in after-hours trading on Thursday, reaching $1.37.
Check out the current price of AKAN stock here.
The stock closed Thursday at $0.95, falling 6.33%, according to Benzinga Pro data.
Shareholders Approve Share Consolidation
Shareholders approved a share consolidation proposal, according to an SEC filing submitted on Tuesday.
The resolution authorizes the board to carry out one or more share consolidations at ratios ranging from two pre-consolidation shares for one post-consolidation share to 100 pre-consolidation shares for one post-consolidation share, with a cumulative maximum of 100-for-1.
The consolidations must occur before either the meeting's 12-month anniversary or the next annual shareholders ...Full story available on Benzinga.com
Check out the current price of AKAN stock here.
The stock closed Thursday at $0.95, falling 6.33%, according to Benzinga Pro data.
Shareholders Approve Share Consolidation
Shareholders approved a share consolidation proposal, according to an SEC filing submitted on Tuesday.
The resolution authorizes the board to carry out one or more share consolidations at ratios ranging from two pre-consolidation shares for one post-consolidation share to 100 pre-consolidation shares for one post-consolidation share, with a cumulative maximum of 100-for-1.
The consolidations must occur before either the meeting's 12-month anniversary or the next annual shareholders ...Full story available on Benzinga.com
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
