Aurora plans share consolidation to maintain NYSE listing

  • Canada’s Aurora Cannabis is undertaking a reverse share split by merging its common shares on a 12-to-one basis, effective May 11, in a bid to remain listed on the New York Stock Exchange.
  • Aurora was warned by the NYSE in April that its shares, which have fallen below $1, do not meet the exchange’s listing standards.
  • Aurora trades as ACB on the New York Stock Exchange and the Toronto Stock Exchange .

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