Cybin (NYSE American: CYBN) (Cboe CA: CYBN), a clinical-stage biopharmaceutical company developing new and innovative next-generation psychedelic-based treatment options, today announced that it has completed the previously announced consolidation of its issued and outstanding common shares. Trading of the common shares reflecting the consolidation commenced at the opening of trading on Thursday morning.
According to the announcement, the company has filed articles of amendment that consolidate 38 common shares into one common share. As a result, the 759,692,495 common shares issued and outstanding before the consolidation have reduced to approximately 19,991,907 common shares, subject to the adjustment for treatment of fractional common shares. The company has adjusted accordingly the exercise price and number of common shares issuable upon the exercise of its outstanding common share purchase warrants and options.
To view the full press release, visit https://ibn.fm/NV26t
About Cybin Inc.
Cybin is a clinical-stage biopharmaceutical company on a mission to create safe and effective psychedelic-based therapeutics to address the large unmet need for new and innovative treatment options for people who suffer from mental health conditions. Cybin’s goal of revolutionizing mental healthcare is supported by a network of world-class partners and internationally recognized scientists aimed at progressing proprietary drug discovery platforms, innovative drug delivery systems, and novel formulation approaches and treatment regimens. The company is currently developing CYB003, a proprietary deuterated psilocybin analog for the treatment of major depressive disorder and CYB004, a proprietary deuterated DMT molecule for generalized anxiety disorder and has a research pipeline of investigational psychedelic-based compounds. Headquartered in Canada and founded in 2019, Cybin is operational in Canada, the United States, the United Kingdom, the Netherlands and Ireland. For company updates and to learn more about Cybin, visit www.Cybin.com.
NOTE TO INVESTORS: The latest news and updates relating to CYBN are available in the company’s newsroom at https://ibn.fm/CYBN
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