CSE bulletin 2023-1124
FSD Pharma Inc. is completing a plan of arrangement. Subject to the satisfaction of all applicable closing conditions of the arrangement, common shares in the capital of Celly Nutrition Corp. will be distributed to FSD Pharma securityholders of record as of Nov. 28, 2023, on the distribution date. The ex dividend date is Nov. 27, 2023. The distribution date for the contemplated plan of arrangement is Nov. 29, 2023.
Holders of all shares in the capital of FSD Pharma and warrants exercisable for the purchase of Class B subordinate voting shares, provided the applicable warrant certificate entitles the holder thereof to receive distributions substantially similar to those received by holders of Class B subordinate voting shares on the record date, will be eligible to receive Celly Nutrition shares on the distribution date pursuant to arrangement.
As a result of the arrangement, FSD Pharma securityholders are expected to receive one Celly Nutrition share in respect of an FSD Pharma share or FSD Pharma distribution warrant that is held by such FSD Pharma securityholder. The company expects that this will result in an aggregate of approximately 45,694,621 Celly Nutrition shares being distributed to the FSD Pharma securityholders.
For further information, please see the issuer's news release.
Symbol: HUGE
Ex distribution date: Nov. 27, 2023
Record date: Nov. 28, 2023
© 2024 Canjex Publishing Ltd. All rights reserved.