Aeterna Zentaris Inc. (NASDAQ:AEZS) (TSX:AEZS) (“Aeterna” or the “Company“), a specialty biopharmaceutical company developing and commercializing a diversified portfolio of pharmaceutical and diagnostic products, today announced that the proposed consolidation of the Company’s shares (the “Share Consolidation“) was approved at its reconvened annual meeting of shareholders (the “Meeting“) held today.
Following the Meeting, the Company’s board of directors approved the Share Consolidation on the basis of one post-Share Consolidation share for every twenty-five pre-Share Consolidation shares. The Company expects to file articles of amendment to implement the Share Consolidation in the coming days. The Share Consolidation remains subject to the approval of the Toronto Stock Exchange and the Nasdaq Capital Market.
For additional information regarding the Share Consolidation, please refer to the Company’s Notice of Annual General and Special Meeting of Shareholders and Management Information Circular dated May 16, 2022, which are available on SEDAR at www.sedar.com or EDGAR at www.sec.gov.