Nutriband Inc. Announces 25% Preferred Stock Dividend Tied to AVERSA Fentanyl FDA Approval
TL;DR
Nutriband's 25% preferred stock dividend offers shareholders a strategic advantage, converting to common shares upon FDA approval of AVERSA Fentanyl, enhancing investment value.
Nutriband will issue one preferred share for every four common shares held by July 25, 2025, convertible to common shares post-FDA approval of AVERSA Fentanyl.
Nutriband's AVERSA technology aims to reduce drug abuse, making communities safer by preventing misuse of transdermal patches with abuse potential.
Discover how Nutriband's innovative AVERSA technology transforms transdermal patches into safer alternatives, with a unique stock dividend opportunity for investors.
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Nutriband Inc. (NASDAQ: NTRB) has made a significant announcement that underscores its dedication to enhancing shareholder value while advancing its pharmaceutical innovations. The company's Board of Directors has approved a 25% preferred stock dividend, which will grant one preferred share for every four common shares held by investors as of July 25, 2025. The distribution of these preferred shares is scheduled for August 5, 2025. This strategic move is directly linked to the FDA approval of Nutriband's AVERSA Fentanyl product, a groundbreaking abuse-deterrent fentanyl patch that incorporates the company's proprietary AVERSA technology.
The preferred shares issued under this dividend will convert to common shares upon the FDA's approval of the AVERSA Fentanyl product. In the event that the conversion does not occur, these preferred shares will be eligible for annual cash dividends, distributed at the discretion of the Board from the company's profits. This announcement not only reflects Nutriband's confidence in the potential approval and success of AVERSA Fentanyl but also its commitment to rewarding its shareholders as the company progresses towards the commercialization of this innovative product.
Gareth Sheridan, CEO of Nutriband, emphasized that this dividend declaration is a testament to the company's focus on shareholder value and its strategic efforts to bring AVERSA Fentanyl to market. The AVERSA technology represents a significant advancement in the fight against drug abuse, misuse, and accidental exposure, offering a safer alternative for the delivery of drugs with high abuse potential. This development is particularly relevant in today's pharmaceutical landscape, where the need for abuse-deterrent formulations is more critical than ever.
For further details on Nutriband's announcement and its implications for investors and the pharmaceutical industry, interested parties can access the full report here. Nutriband's initiative not only highlights its innovative approach to pharmaceutical development but also sets a precedent for how companies can align shareholder rewards with the achievement of critical milestones in product development and regulatory approval.
Curated from InvestorBrandNetwork (IBN)
