2022-05-16 08:28:12 AEZS Aeterna Zentaris
05/16/22 05/1608:28 05/16/2208:28 | Aeterna Zentaris urges shareholders to vote for proposed share consolidationAeterna Zentaris announced that its Virtual Annual General and Special Meeting of shareholders will be held on June 21, 2022, at 10:00 a.m. Management and the board of directors urge the Company's shareholders of record to vote "FOR" the resolution authorizing the Board to approve a share consolidation of the Company's issued and outstanding common shares. The platform for the virtual AGM will provide shareholders the ability to listen to the AGM live, submit questions and submit their vote during the AGM. Online check-in will begin 15 minutes prior to the start of the AGM, at 9:45 a.m. The AGM will begin promptly at 10:00 a.m. on June 21, 2022. A management information circular describing the proposed share consolidation and other items of business to be considered at the AGM will be mailed to shareholders in the coming days. Remaining on the Nasdaq Capital Market is a critical piece of the Company's performance, corporate visibility and overall awareness of Aeterna Zentaris to the investor base. If the Company fails to meet a minimum bid price for its common shares above US$1.00, for a minimum of at least 10 consecutive days before July 26, 2022, the Company could be delisted from The Nasdaq Stock Market, which could have serious consequences for the Company. Accordingly, the Company expects to file a management information circular in the coming days which will include a resolution for shareholders to provide the Board with the authority to consolidate the common shares at a ratio within the range of between five and 25 pre-consolidation common shares for every one post-consolidation common share. The Company expects that the Share Consolidation will allow for the common shares to continue to be listed on the Nasdaq, and ensure compliance with the Nasdaq's continued listing standard that common shares maintain a minimum bid price of US$1.00 per share. As previously announced, on July 28, 2021, the Company received a letter from the Listing Qualifications Department of the Nasdaq, indicating that, based upon a closing bid price of less than $1.00 per share for the Company's common shares for the prior 30 consecutive business day period, the Company no longer satisfied Nasdaq Listing Rule 5550(a)(2). In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company was granted a grace period of 180 calendar days, through January 24, 2022. On January 26, 2022, the Company announced that the Nasdaq granted the Company an additional 180 calendar day period, through July 26, 2022, to comply with the Standard. In advance of the Deadline, the Board believes it is in the best interests of the Company to obtain shareholder approval at the Meeting to implement the Share Consolidation. |
|
---|
Technical Analysis
|
NASDAQ market internals summary »
14:17 08/16/22 08/1614:17 08/16/2214:17
$NSD
NASDAQ Market Internals
Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Frontier CEO tells Reuters company targets up to 20% capacity growth »
14:16 08/16/22 08/1614:16 08/16/2214:16
ULCC
Frontier Group
Frontier Group CEO Barty… Story temporarily locked. ShowHide Related Items >><<
|
Technical Analysis
| Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
General news
|
U.S. July retail sales (Wednesday) are the focus »
14:15 08/16/22 08/1614:15 08/16/2214:15
$ECON
Economic Data
U.S. July retail sales… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Novan management to meet virtually with Oppenheimer »
14:08 08/16/22 08/1614:08 08/16/2214:08
NOVN
Novan
Virtual Meetings to be… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
SoFi Technologies call volume above normal and directionally bullish »
14:05 08/16/22 08/1614:05 08/16/2214:05
SOFI
SoFi Technologies
Bullish option flow… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
GSK says plaintiff in first U.S. Zantac trial to file for voluntary dismissal »
14:02 08/16/22 08/1614:02 08/16/2214:02
GSK
GSK plc
GSK plc issued the… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Rio Tinto price target lowered to 5,900 GBp from 5,990 GBp at Morgan Stanley »
13:53 08/16/22 08/1613:53 08/16/2213:53
RIO
Rio Tinto
Morgan Stanley analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Fevertree price target lowered to 1,200 GBp from 1,600 GBp at Morgan Stanley »
13:52 08/16/22 08/1613:52 08/16/2213:52
FQVTF
Fevertree Drinks
Morgan Stanley analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Adecco price target lowered to CHF 33.10 from CHF 34.30 at Morgan Stanley »
13:52 08/16/22 08/1613:52 08/16/2213:52
AHEXY
Adecco
Morgan Stanley analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
HelloFresh price target raised to EUR 37 from EUR 35 at Morgan Stanley »
13:51 08/16/22 08/1613:51 08/16/2213:51
HLFFF
HelloFresh
Morgan Stanley analyst… Story temporarily locked. ShowHide Related Items >><<
|
Downgrade
|
Rattler Midstream downgraded to Equal Weight from Overweight at Wells Fargo »
13:50 08/16/22 08/1613:50 08/16/2213:50
RTLR
Rattler Midstream
Wells Fargo analyst… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Polestar electric roadster concept planned to enter production as Polestar 6 »
13:48 08/16/22 08/1613:48 08/16/2213:48
PSNY
Polestar
Polestar confirms plans… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
Overstock com call volume above normal and directionally bullish »
13:45 08/16/22 08/1613:45 08/16/2213:45
OSTK
Overstock.com
Bullish option flow… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Tela Bio participates in a conference call with Lake Street »
13:45 08/16/22 08/1613:45 08/16/2213:45
TELA
Tela Bio
Conference call with… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
JMP Securities eCommerce analyst holds an analyst/industry conference call »
13:35 08/16/22 08/1613:35 08/16/2213:35
eCommerce/Retail… Story temporarily locked. |
Hot Stocks
|
General Motors recalling 484,000 SUVs to inspect seatbelts »
13:28 08/16/22 08/1613:28 08/16/2213:28
GM
General Motors
On August 4, GM's… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
Rocket Companies call volume above normal and directionally bullish »
13:25 08/16/22 08/1613:25 08/16/2213:25
RKT
Rocket Companies
Bullish option flow… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
BTIG research director to hold analyst/industry conference call »
13:25 08/16/22 08/1613:25 08/16/2213:25
Director of Policy… Story temporarily locked. |
Conference/Events
|
Hologic participates in a conference call with JPMorgan »
13:25 08/16/22 08/1613:25 08/16/2213:25
HOLX
Hologic
JPMorgan Life Science… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Henkel price target lowered to EUR 64 from EUR 66 at Credit Suisse »
13:20 08/16/22 08/1613:20 08/16/2213:20
HENKY
Henkel
Credit Suisse analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
888 Holdings price target lowered to 296 GBp from 350 GBp at Deutsche Bank »
13:19 08/16/22 08/1613:19 08/16/2213:19
EIHDF
888 Holdings
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
D-Wave Quantum Inc options imply 12.1% move in share price post-earnings »
13:19 08/16/22 08/1613:19 08/16/2213:19
QBTS
D-Wave Quantum
Pre-earnings options… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Bayer price target raised to EUR 79 from EUR 75 at Deutsche Bank »
13:19 08/16/22 08/1613:19 08/16/2213:19
BAYRY
Bayer
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
London Stock Exchange price target raised to 8,000 GBp at Deutsche Bank »
13:18 08/16/22 08/1613:18 08/16/2213:18
LNSTY
London Stock Exchange
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|