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Dec 11, 2025 4:00 AM

Why Did Clearmind Medicine Shares Plunge 29% After Hours?

Clearmind Medicine Inc. (NASDAQ:CMND) shares fell 29.92% in after-hours trading on Wednesday, dropping to $0.0801.

Check out the current price of CMND stock here.

The stock of the clinical-stage company closed on Wednesday at $0.11, down 6.08%, according to Benzinga Pro data.

Reverse Split Targets Nasdaq Minimum Bid Price Rule

Clearmind Medicine announced on Wednesday that it will implement a 1-for-40 reverse stock split, effective Dec. 15.

The company stated the reverse split is intended to help it regain compliance with the Nasdaq minimum bid price requirement.

Share Structure Adjustments

According to the ...