InMed completes 1-for-10 share consolidation and name change to Mentari Therapeutics
InMed Pharmaceuticals, now named Mentari Therapeutics, Inc., reported that shareholders approved all ten proposals at its November 4, 2026 meeting, including a Nasdaq share issuance tied to the pending Mentari merger. The company also completed a 1-for-10 share consolidation, cutting common shares from 5,493,735 to about 549,374, and will trade under INM from November 5, 2026. The change lowers the share count and per-share figures, and creates Series A non-voting preferred shares that carry board-election and conversion terms.
Key points
- Shareholders approved the Nasdaq share issuance for the Mentari merger with 2,615,030 votes for, 97.295% of votes cast.
- Common shares were consolidated from 5,493,735 to about 549,374, with trading under INM expected from November 5, 2026 under new CUSIP 457637809.
- 4,013 preferred shares were designated as Series A Non-Voting Preferred, each convertible into 1,000 common shares, with a 19.99% ownership cap.
- Shareholders approved redomestication from British Columbia to Nevada with 88.825% votes for; a CVR distribution record date of November 5, 2026 was set.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.