Tilray implements 1-for-10 reverse stock split effective December 1

Tilray Brands Inc. (NASDAQ: TLRY) announced it will implement a one-for-ten reverse stock split of its common stock, effective at 4:01 p.m. Eastern Time on December 1, 2025.

Shares will begin trading on a split-adjusted basis under the same TLRY symbol when markets open December 2, 2025, with a new CUSIP number of 88688T209.

The reverse stock split was approved by stockholders at a special meeting held June 10, 2025. Stockholders authorized an amendment to the company's certificate of incorporation allowing a reverse split ratio between one-for-ten and one-for-twenty, with the final ratio determined by the board of directors.

The split will reduce Tilray's outstanding shares from approximately 1.16 billion to 116 million shares. Every ten issued shares will automatically convert into one share. Fractional shares will not be issued; stockholders will receive cash for any fractional shares created by the split.

The company stated the reverse split aims to align its share count with similarly sized companies, make the stock more attractive to institutional shareholders, and reduce annual meeting expenses by up to $1 million annually.

Pacific Stock Transfer will serve as the paying agent and provide stockholders with transaction statements reflecting post-split holdings. Stockholders holding shares through brokers, banks or similar organizations will have positions automatically adjusted and are not required to take action.

The reverse split is not expected to affect stockholders' ownership percentages, except where fractional shares would result.

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