Moolec Science Board Approves 15-for-1 Share Consolidation
Moolec Science's board of directors has determined the effective date and the final ratio for the previously approved share consolidation of Moolec's ordinary shares of par value of $0.10 each. The Share Consolidation will become effective as of 8:00 a.m. on January 5, 2026. The final share consolidation ratio is 15-for-1 so that all shareholders holding every 15 ordinary shares of par value of $0.10 each will hold 1 ordinary share of par value $1.50 each. Accordingly, the number of issued and outstanding ordinary shares will be reduced from 10,891,761 Shares to approximately 726,118 Shares on the Effective Date. The Share Consolidation is intended by the Company to regain compliance with a minimum bid price of $1.00 per share for continued listing on Nasdaq.
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