Spin-off - CLS Holdings USA, Inc.

Form Type: DEF 14A

Filing Date: 2025-05-30

Corporate Action: Spin-off

Type: New

Accession Number: 000118518525000562

Filing Summary: CLS Holdings USA, Inc. is seeking approval for a significant consolidation of its common shares at a ratio of one post-consolidation share for every 4,000,000 pre-consolidation shares. The proposed change aims to streamline the share structure, allowing for the purchase of fractionalized shares post-split at a rate of $0.037 per share. If passed, this would also lead to a potential deregistration from the SEC and voluntary delisting of its common stock from the Canadian Securities Exchange, affecting fewer than 15 stockholders of record. The special meeting is scheduled for June 24, 2025, with a record date of May 1, 2025, necessitating a vote on this proposal by stockholders to enact the changes. The Board of Directors unanimously recommends voting in favor of the consolidation.