Aeterna Zentaris Completes 1-for-10 Share Consolidation

TL;DR

AEZS just did a 1-for-10 reverse stock split, effective May 3rd.

AI Summary

Aeterna Zentaris Inc. filed a Form 6-K on May 9, 2024, reporting a material change related to the effectiveness of its previously announced share consolidation. This consolidation, which took effect on May 3, 2024, involved a 1-for-10 reverse split of its common shares.

Why It Matters

The share consolidation is a significant corporate action that reduces the number of outstanding shares, potentially impacting share price and trading dynamics.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of a corporate action (share consolidation) and does not introduce new financial or operational risks.

Key Numbers

• 1-for-10 — Share Consolidation Ratio (Indicates a reverse stock split where 10 old shares become 1 new share.)

Key Players & Entities

• Aeterna Zentaris Inc. (company) — Filer of the report
• May 3, 2024 (date) — Effective date of share consolidation
• May 9, 2024 (date) — Filing date of the 6-K
• 1-for-10 (share_ratio) — Ratio of the share consolidation

FAQ

Filing Documents

• form6-k.htm (6-K) — 39KB
• ex99-1.htm (EX-99.1) — 18KB
• ex99-2.htm (EX-99.2) — 4KB
• ex99-2_001.jpg (GRAPHIC) — 343KB
• ex99-2_002.jpg (GRAPHIC) — 652KB
• ex99-2_003.jpg (GRAPHIC) — 97KB
• 0001493152-24-018286.txt ( ) — 1568KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 001-38064 Aeterna Zentaris Inc. (Translation of registrant’s name into English) c/o Norton Rose Fulbright Canada, LLP, 222 Bay Street, Suite 3000, PO Box 53, Toronto ON M5K 1E7, Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F On May 3, 2024, Aeterna Zentaris Inc. (“Aeterna”) filed with the Canadian Securities Regulatory Authorities on SEDAR+ a material change report related to the effectiveness of its previously announced consolidation (the “Share Consolidation”) of its common shares (“Common Shares”) on the basis of four pre-Share Consolidation Common Shares for one post-Share Consolidation Common Share, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. On the same date, Aeterna provided to its shareholders a letter of transmittal relating to the exchange of pre-Share Consolidation Common Shares for post-Share Consolidation Common Shares, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference. The information contained in Exhibit 99.1 of this Report on Form 6-K is hereby incorporated by reference into the Registrant’s Registration Statements on Forms S-8 (No. 333-224737, No. 333-210561 and No. 333-200834) and Form F-3 (No. 333-254680) (collectively, the “Registration not superseded by documents or reports subsequently filed or furnished. The information contained on any websites referenced therein and included with this Report on Form 6-K is not incorporated by reference or deemed to be a part of this Report on Form 6-K or any of the Registration Statements. Aeterna has filed a Registration Statement on Form F-1 (including a prospectus) (File No. 333-277115) (the “Form F-1 Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) on February 15, 2024 for the issuance of common share purchase warrants and common shares issuable upon exercise thereof in connection with the previously announced Plan of Arrangement pursuant to which Aeterna will combine with Ceapro Inc. (“Ceapro”), but the Form F-1 Registration Statement has not yet become effective. The common share purchase warrants and common shares issuable upon the exercise thereof may not be sold nor may offers to buy them be accepted prior to the time the Form F-1 Registration Statement becomes effective. Before you invest in any Aeterna common shares, you should read the prospectus in the Form F-1 Registration Statement and the other documents incorporated by reference therein for more complete information about Aeterna, Ceapro, the Plan of Arrangement and the common share purchase warrant offering. You may get copies of the Form F-1 Registration Statement for free by visiting EDGAR on the SEC website at www.sec.gov or at SEDAR+ at www.sedarplus.ca. Alternatively, you may obtain copies of them by contacting the following: Aeterna’s Proxy Solicitor Kingsdale Advisors 1-866-581-1513 (North American Toll Free) or 416-623-2513 (Outside North America — text and call enabled) contactus@kingsdaleadvisors.com www.AEZSmerger.com Media Contact Joel Shaffer FGS Longview joel.shaffer@fgslongview.com 416-670-6468 No Offer or Solicitation This Report on Form 6-K and the exhibit attached hereto and incorporated by reference herein, and the information contained herein and therein are not, and do not, constitute an offer to sell any securities or a solicitation of an offer to buy any securities in the United States or any other state or jurisdiction, nor shall any securities of Aeterna be offered or sold in any jurisdiction in which such an offer, solicitation or sale would be unlawful. Neither the SEC nor any state securities commission has approved or disapproved of the transactions described herein or determined if this communication is truthful or complete. Any representation to the contrary is a criminal offense. You should not construe the contents of this Report on Form 6-K or the exhibit attached hereto and incorporated herein by reference as legal, tax, accounting or investment advice or a recommendation. You should consult your own counsel and tax and financial advisors as to legal and related matters concerning the matters described herein. Forward-Looking The information in this Report on Form 6-K and the exhibit attached hereto and incorporated herein by reference include forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, specifically Section 27A of the U.S. Securities Act of

View Full Filing

View this 6-K filing on SEC EDGAR