Greenland Mines announces 1-for-50 reverse stock split effective Aug. 24

Reuters2026/08/20 13:25

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Greenland Mines will execute a 1-for-50 reverse stock split, effective 12:01 a.m. ET on Aug. 24, 2026.
Shares are expected to trade on a post-split basis at the start of trading on Aug. 24 under ticker GRML.
Move targets Nasdaq minimum bid-price compliance, aiming to reset the capital structure for the company’s next development stage.
Outstanding shares are expected to drop to about 3,177,012 from about 158,850,637, subject to rounding.
Post-split shares will carry a new CUSIP: 49876K202.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenland Mines Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608200925PRIMZONEFULLFEED9813465) on August 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Greenland Mines announces 1-for-50 reverse stock split effective Aug. 24

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