06:23 AM EDT, 04/08/2025 (MT Newswires) -- Western Forest Products ( WFSTF ) late on Monday said it will seek shareholder approval for a reverse stock split.

If approved, the board will determine the share consolidation ratio within the range of one post-consolidation share for every 25 to 40 pre-consolidation shares. The board, which would have a year to decide on the consolidation ratio and timing for the reverse stock split, said the move will improve the stock's liquidity while generating interest among new and existing investors.

The issue will be put to a vote at the company's shareholders' meeting on May 7.