Corporate ActionApr 26, 2026, 05:19 AM
OPTH Files F-1/A for IPO of 2.5M Shares; Nasdaq Listing & 1-for-30 Split
AI Summary
Optimi Health Corp. filed an F-1/A for its initial public offering of 2,500,000 common shares in the United States, with an expected price range of US$6.00 to US$8.00 per share. The company has applied to list its common shares on the Nasdaq Capital Market under the symbol "OPTH", contingent on the offering's completion. To meet Nasdaq's minimum share price requirement, the Board of Directors approved a 1-for-30 reverse share split, anticipated to be effective prior to the registration statement's effectiveness. The offering includes underwriter warrants and an over-allotment option, with estimated net proceeds of US$12.2 million.
Key Highlights
- Offering 2,500,000 common shares in initial public offering.
- Expected IPO price range: US$6.00 to US$8.00 per common share.
- Applied to list common shares on Nasdaq Capital Market under 'OPTH'.
- Board approved 1-for-30 Reverse Share Split for Nasdaq minimum price.
- Underwriter Warrants for up to 143,750 common shares at 120% IPO price.
- Underwriter over-allotment option for up to 375,000 additional shares.
- Estimated net proceeds: US$12.2M (or US$14.3M with over-allotment).
- Currently listed on CSE ('OPTI'), FSE ('8BN'), and OTCQX ('OPTHF').