Clearmind Medicine Converts $600K Notes at $0.30/Share, Causing Significant Dilution Ahead of Reverse Split
CMND is trading near its 52-week low of $0.341 (24% below the low) on elevated volume (12× avg).
Summary
Clearmind Medicine converted $600,000 in convertible notes into 2 million shares at $0.30 each, significantly diluting shareholders, even as the conversion price is a premium to the current market price and an upcoming reverse split.
Key Events · Financing and Capital Events · CMND
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Note Conversion
Clearmind Medicine converted $600,000 in convertible promissory notes into common shares.
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Conversion Price
The conversion occurred at an agreed price of $0.30 per common share, which is a premium to the current market price of $0.26.
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Significant Dilution
This conversion results in the issuance of 2,000,000 new shares, representing substantial dilution relative to the company's current market capitalization.
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Floor Price Amendment
The floor price for future conversions under the original securities purchase agreements was amended to $0.30 per common share.
Analysis · CMND · Life Sciences
Clearmind Medicine Inc. converted $600,000 in convertible promissory notes into 2,000,000 common shares at an agreed price of $0.30 per share. This conversion, while clearing debt, represents substantial dilution for existing shareholders, equivalent to approximately 75% of the company's current market capitalization. The conversion price of $0.30 is a premium to the current stock price of $0.26, but the sheer volume of shares issued is highly impactful. This event occurs just days before a 1-for-10 reverse stock split, which will adjust the conversion price to $3.00 per share and the current stock price to $2.60 per share. The company continues to rely on dilutive financing methods to fund operations while trading near its 52-week low.
How filings like this one have moved
In the 30 days to Oct 16, 2026, 45.2% of the 299 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.26%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CMND was trading at $0.26 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $794K. The 52-week trading range was $0.34 to $52.40. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.