Corporate ActionJun 9, 2026, 05:31 PM
IM Cannabis Files F-3 Resale Registration for 17.28M Common Shares
AI Summary
IM Cannabis Corp. announced the filing of a Form F-3 Resale Registration Statement with the SEC. This statement registers an aggregate of 17,276,931 common shares for resale by selling shareholders. These shares are issuable upon conversion of three convertible promissory notes and the exercise of accompanying warrants issued in April, May, and June 2026. The company will not receive any proceeds from the sale of these shares by the selling shareholders.
Key Highlights
- IM Cannabis filed a Form F-3 Resale Registration Statement with the SEC.
- The statement registered 17,276,931 common shares for resale by selling shareholders.
- This includes 4,000,000 shares from the April 2026 Promissory Note (US$250,000).
- It also includes 6,720,000 shares from the May 2026 Promissory Note (US$300,000).
- Further, 4,375,000 shares are from the June 2026 Promissory Note (US$225,000).
- The registration covers 272,861 shares from April 2026 warrants.
- It includes 1,127,820 shares from May 2026 warrants and 781,250 shares from June 2026 warrants.
- The company will not receive any proceeds from the sale of these shares by selling shareholders.
Price Impact
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