Wednesday, October 22, 2025

Mindmed Completes 15-To-1 Reverse Split To Maintain Nasdaq Compliance

Mind Medicine (NEO: MMED) might be slightly more volatile over the next few sessions. The psychedelic firm late on Friday announced that it has completed its previously announced reverse split, significantly reducing the amount of outstanding common shares for the firm.

With the completion of the reverse split, which was conducted on a one for fifteen basis, an estimated 28.4 million shares are outstanding. The figure marks a significant reduction from the prior 426.7 million shares that were outstanding as of June 30, 2022.

The reverse split was conducted by the company as a means of maintaining listing requirements on the Nasdaq, which require that a company maintain a minimum bid price of $1.00 per share. The firm also indicated it was conducted for “greater flexibility in considering and planning for future potential business needs.”

The share consolidation follows the firm formally beginning its phase 2B study on treating generalized anxiety disorder with a variant of LSD.

Mind Medicine last traded at $1.02 on the Neo.


Information for this briefing was found via Edgar and MindMed. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

MindMed’s Mescaline Study Approved For Clinical Trial

MindMed (Nasdaq: MNMD) announced today that its clinical trial plans to evaluate the acute effects...

Thursday, May 20, 2021, 08:38:23 AM

MindMed Declares US$17.0 Million Net Loss, US$105.7 Million Cash Balance For Q2 2022

Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced on Thursday its financial...

Friday, August 12, 2022, 08:20:03 AM

MindMed Starts Clinical Trial For Intravenous DMT

Mind Medicine Inc. (NEO: MMED), more commonly known as MindMed, announced today the start of...

Wednesday, July 28, 2021, 10:22:00 AM

Mind Medicine Completes Pre-IND Meeting For LSD Assisted Therapy In Anxiety

Mind Medicine (NEO: MMED) this morning issued a brief update related two products within its...

Monday, December 14, 2020, 07:54:19 AM

MindMed Signs Collaboration Agreement with Swiss Psychedelic Research Lab

Mind Medicine Inc (NEO: MMED) has entered into an exclusive collaboration with Professor Dr. Liechti’s...

Wednesday, April 1, 2020, 11:55:12 PM