AKAN · Akanda Corp.

The reverse stock split is a material corporate action intended to align Akanda’s share price with Nasdaq’s continued listing standards, though the filing does not explicitly state non-compliance as the trigger. By reducing the number of outstanding shares from ~2.4 million to ~534,400, the Company increases the nominal per-share value while preserving proportional ownership—except for holders receiving fractional shares, who face downward rounding with no cash consideration. This mechanical adjustment affects all equity instruments uniformly: options, warrants, and convertible securities will be adjusted per their existing terms, maintaining relative economic exposure. The new CUSIP and ISIN reflect formal re-registration of the post-split security, critical for clearing, settlement, and regulatory tracking. Vstock Transfer serves as exchange agent, handling certificate exchanges for registered holders; beneficial owners via brokers require no action, though account balances will update automatically on or after April 13, 2026. Notably, the Board reserved flexibility to execute additional consolidations within a broad 2:1 to 100:1 range per prior shareholder approval—but selected 4.5:1 specifically, suggesting deliberate calibration rather than minimum compliance. While the filing cites no financial distress or liquidity pressure, the action implies strategic focus on market perception, exchange eligibility, and potential future capital markets activity. Investors should monitor subsequent filings for confirmation of Articles of Amendment filed with Ontario authorities and any related Nasdaq communications.