Metasphere Labs Announces Details of Share Consolidation

Core Viewpoint - Metasphere Labs Inc. is proceeding with a share consolidation, converting every four old common shares into one new common share, effective August 8, 2025, following shareholder approval on July 21, 2025 [1][2]. Group 1: Share Consolidation Details - The total number of issued and outstanding common shares will be reduced to approximately 10,721,664 as a result of the consolidation [2]. - No fractional shares will be issued; any fractions will be rounded down to the nearest whole number, and no cash will be paid for fractional shares [2]. - The exercise or conversion price and the number of common shares under any outstanding convertible securities will be proportionately adjusted [2]. Group 2: Strategic Implications - The company believes that the share consolidation will enhance its attractiveness for financing opportunities and facilitate the restructuring and settlement of existing liabilities [4]. - Completion of the share consolidation is subject to appropriate regulatory filings with the Canadian Securities Exchange (CSE) [4]. Group 3: Company Overview - Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, focusing on environmental sustainability and social impact [4].