The company says it expects the move will restore compliance with Nasdaq listing rules and ensure the company continues to have access to a wide range of institutional investors.
The plan, which is subject to regulatory and stock exchange approvals, is expected to be effective on or about
Aurora shares closed down a penny at
The decision comes after the company consolidated its shares on a one-for-12 basis in 2020.
Aurora currently has 475,903,822 common shares outstanding.
This report by The Canadian Press was first published
Companies in this story: (TSX:ACB)
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