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INTELLIPHARMACEUTICS INTERNATIONAL INC. (the Company) LETTER OF TRANSMITTAL TO:AST Trust Company (Canada) (AST)This Letter of Transmittal is for use by registered holders of common shares of the Company
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01
Gather all the necessary information regarding the reverse split such as the current number of shares outstanding and the desired ratio for the reverse split.
02
Consult with a legal or financial advisor to ensure compliance with regulatory requirements and to determine the best approach for executing the reverse split.
03
Prepare the necessary documentation for the reverse split, including a board of directors resolution, a shareholder consent, and any required regulatory filings.
04
Notify shareholders of the reverse split and provide them with the necessary information and instructions for completing the process.
05
Update the company's records and stock exchange listings to reflect the new share structure resulting from the reverse split.
06
Monitor the market reaction to the reverse split and address any concerns or inquiries from shareholders or potential investors.

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Investors who hold shares of Intellipharmaceutics and want to ensure compliance with regulatory requirements and maintain the value of their investment.
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Intellipharmaceutics announces one-for-10 reverse is a corporate action where the company consolidates its shares by exchanging ten old shares for one new share.
Shareholders of Intellipharmaceutics are required to participate in the one-for-10 reverse process.
To participate in the one-for-10 reverse, shareholders need to follow the instructions provided by Intellipharmaceutics and submit the required forms.
The purpose of the one-for-10 reverse is to reduce the number of outstanding shares and increase the share price, potentially making the stock more attractive to investors.
Shareholders must report their current holdings, participate in the exchange offer, and provide any necessary documentation to facilitate the reverse.
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