Looking Glass Labs told investors it will consolidate all its issued and outstanding shares on the basis of one post-consolidation share for every 75 pre-consolidation shares.
The consolidation, which is expected to take effect on NEO Exchange from October 6, 2023, will reduce the shares in issue to just under 2 million and the conversion price of warrants and stock options will be adjusted proportionately.
The company said its name and trading symbol will remain unchanged, while its new CUSIP number will be 54342Q205 and its ISIN number will be CA54342Q2053.