Workflow
Share consolidation
icon
Search documents
GreenPower Announces Proposed Share Consolidation
Prnewswire· 2025-08-20 23:46
Core Points - GreenPower Motor Company Inc. plans to consolidate its common shares at a ratio of one new share for every ten currently outstanding shares [1][2] - The consolidation aims to comply with Nasdaq's minimum bid price requirement of $1 per share [2][6] - The number of outstanding shares will decrease from approximately 30,462,084 to about 3,046,208 post-consolidation [2] Company Compliance and Financial Status - The company received a notice from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement of $2,500,000 [6][7] - GreenPower has until September 29, 2025, to submit a plan to regain compliance, with a potential extension until February 11, 2026, if accepted [7] - There is no immediate effect on the listing of the company's shares on the Nasdaq Capital Market [7] Shareholder Impact - No fractional shares will be issued; shareholders entitled to fractions will be rounded up to the nearest whole number [4] - The exercise price and number of shares for outstanding options, warrants, and convertible debentures will be proportionally adjusted following the consolidation [5] Company Overview - GreenPower designs and manufactures all-electric medium and heavy-duty vehicles, including transit buses and cargo vans [8] - The company was founded in Vancouver, Canada, and has operational facilities in southern California [8] - GreenPower has been listed on the Toronto exchange since November 2015 and completed its U.S. IPO and NASDAQ listing in August 2020 [8]
CSE Bulletin: Consolidation - Canter Resources Corp. (CRC)
Newsfile· 2025-08-19 18:15
Core Points - Canter Resources Corp. announced a consolidation of its issued and outstanding common shares at a ratio of one (1) post-consolidated common share for every seven (7) pre-consolidated common shares [1][2][3] - The total number of outstanding shares will be reduced to approximately 8,169,771 common shares following the consolidation [1][3] - The company's name and symbol will remain unchanged despite the consolidation [1][3] Trading Information - All open orders will be canceled at the close of business on August 21, 2025, and dealers are advised to re-enter their orders considering the share consolidation [2][3] - Trading on a consolidated basis will commence on August 22, 2025 [4] - The record date and anticipated payment date for the consolidation is also set for August 22, 2025 [4] - The new symbol for the shares will be CRC, with a new CUSIP of 13810W 20 1 and a new ISIN of CA 13810W 20 1 3 [4]
Graphjet Board of Directors Determines Effective Date for Share Consolidation
Globenewswire· 2025-08-15 20:30
Core Viewpoint - Graphjet Technology has announced a share consolidation at a ratio of 1-for-60, effective August 25, 2025, to increase the trading price of its ordinary shares to meet Nasdaq's listing requirements [1][6]. Group 1: Share Consolidation Details - The share consolidation will automatically combine every 60 ordinary shares into one ordinary share, with no effect on shareholders' percentage ownership, except for fractional shares [3][6]. - The par value of the ordinary shares will be increased from $0.0001 to $0.006 per share as part of the consolidation [1]. - The new CUSIP number for the ordinary shares post-consolidation will be G30449139 [2]. Group 2: Implementation and Process - The share consolidation will take effect at 12:01 a.m. Eastern Time on August 25, 2025, with trading on a split-adjusted basis commencing at the market open on the same day [2]. - Continental Stock Transfer & Trust Company will act as the exchange agent for the share consolidation, automatically adjusting positions for shareholders holding shares electronically [5]. - Fractional shares resulting from the consolidation will be rounded up to the nearest whole share, ensuring no fractional shares are issued [4]. Group 3: Company Background - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using patented technology that recycles palm kernel shells [8]. - The company's sustainable production methods aim to transform the global graphite and graphene supply chain by utilizing waste agricultural products [8].
DECISIONS OF THE EXTRAORDINARY GENERAL MEETING OF DIGITALIST GROUP PLC, INCLUDING A RESOLUTION ON THE SHARE CONSOLIDATION
Globenewswire· 2025-08-13 08:15
Core Viewpoint - Digitalist Group Plc has resolved to consolidate its shares, reducing the number of shares in circulation to improve trading conditions and share value [2][4][3]. Share Consolidation - The share consolidation will occur on 15 August 2025, where every 250 existing shares will be consolidated into one new share [3][4]. - The consolidation aims to enhance the trading conditions by increasing the value per share and improving price formation [4]. - The arrangement will not affect the company's equity and is considered to be in the best interests of the company and its shareholders [4]. Share Redemption and Free Share Issue - The company will redeem shares from shareholders at a ratio of 249 out of every 250 shares held, effectively cancelling the redeemed shares [7]. - A maximum of 4,850,000 treasury shares will be transferred without consideration to avoid fractional shares [5][6]. - The total number of shares will be made divisible by 250, ensuring a smooth transition post-consolidation [5][7]. Registration and Trading - The new total number of shares is expected to be registered with the Finnish Trade Register by approximately 18 August 2025 [8]. - Trading under the new total number of shares will commence on Nasdaq Helsinki with a new ISIN code on or about 18 August 2025 [8]. Board Authorisations - The Board of Directors has been authorised to amend the terms of the company's issued special rights and option rights to reflect the share consolidation [10]. - The Board is also authorised to decide on share issues and granting special rights, with a limit of 1,386,000 shares, approximately 50% of the company's shares post-consolidation [11]. - The authorisation for share acquisition allows the Board to acquire up to 270,000 treasury shares, approximately 10% of the total shares post-consolidation [16].
Graphjet Shareholders Approve Share Consolidation at Extraordinary General Meeting
Globenewswire· 2025-08-07 21:18
Core Viewpoint - Graphjet Technology's shareholders have approved a share consolidation proposal, reflecting confidence in the company's plans to comply with Nasdaq requirements [1][4]. Group 1: Share Consolidation Details - The approved proposal allows the Board to consolidate shares at a ratio between 1-for-50 and 1-for-150, with a final ratio of 1-for-60 being set by the Board [2]. - The company plans to file Amended and Restated Memorandum and Articles of Association in the Cayman Islands once the effective date of the share consolidation is determined [3]. Group 2: Compliance and Financial Reporting - The approval indicates shareholders' confidence in the company's strategy to regain compliance with Nasdaq [4]. - The company has filed its Form 10-Q for December 31, 2024, and is working on the Form 10-Q for March 31, 2025, aiming to meet the September 15, 2025 deadline set by Nasdaq [5]. Group 3: Company Background - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite using patented technology that recycles palm kernel shells [6]. - The company's sustainable production methods aim to transform the global graphite and graphene supply chain [6].
Effective Date of Consolidation of Shares
Globenewswire· 2025-07-31 11:30
Vancouver, British Columbia , July 31, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (the "Company") announces, further to its news release of July 21, 2025 and effective August 6, 2025, the Company will consolidate the common shares in the capital of the Company (the "Shares") on the basis of one (1) post-consolidated Share for each two (2) pre-consolidated Shares (the "Consolidation"). The Company's name and stock symbol will remain unchanged following the Conso ...
NASDAQ Listing Moves Forward as SOL Strategies Board Approves Stock Consolidation
Newsfile· 2025-07-23 12:30
Core Viewpoint - SOL Strategies Inc. is moving forward with a stock consolidation to meet NASDAQ listing requirements, which is expected to enhance its visibility in U.S. capital markets and attract institutional investors interested in the Solana blockchain ecosystem [1][3]. Group 1: Stock Consolidation Details - The Board of SOL Strategies has approved a consolidation of its common shares on a basis of one new share for every eight existing shares [1]. - The consolidation was previously approved by shareholders at the Annual General Meeting on June 19, 2025, and is subject to approval from the Canadian Securities Exchange [1]. - The anticipated effective date for the consolidation is around August 5, 2025 [1]. Group 2: Impact on Shareholders - Shareholders' percentage ownership and voting power will remain unchanged post-consolidation, with minor adjustments for fractional shares [1]. - No fractional shares will be issued; instead, they will be rounded down to the nearest whole share, with cash provided for any fractional amounts [2]. Group 3: Company Strategy and Future Plans - The CEO of SOL Strategies emphasized the commitment to meeting NASDAQ's listing standards and the potential for expanding access to institutional investors [3]. - The company aims to enhance its visibility in U.S. capital markets and continue building the institutional backbone of the Solana ecosystem [3]. - The company's name and stock symbol will remain unchanged after the consolidation [2]. Group 4: Company Overview - SOL Strategies Inc. is a Canadian investment company focused on the Solana blockchain ecosystem, providing strategic investments and infrastructure solutions for decentralized applications [4].
Notice of Digitalist Group Plc’s Extraordinary General Meeting
Globenewswire· 2025-06-30 06:00
Core Points - Digitalist Group Plc is convening an Extraordinary General Meeting on August 13, 2025, to discuss significant corporate actions including share consolidation [1][2] Group A: Share Consolidation and Related Actions - The Board of Directors proposes a share consolidation where every 250 existing shares will be consolidated into one new share, resulting in a total of approximately 693,430,455 shares being reduced to about 2,773,722 shares post-consolidation [2][3] - The objective of the share consolidation is to enhance trading conditions by increasing the value per share and improving price formation, with no impact on the Company's equity [3][4] - To facilitate the consolidation, the Company plans to transfer its own treasury shares and redeem shares from shareholders at a ratio of 249/250, leading to an estimated redemption of approximately 691,500,000 shares [5][7] Group B: Implementation and Technical Details - The share consolidation is scheduled to be executed in the book-entry system after trading closes on August 15, 2025, with the new total number of shares expected to be registered by August 18, 2025 [8][9] - The Board is authorized to manage all aspects related to the transfer of treasury shares and the redemption process [5][10] Group C: Authorizations and Future Actions - The Board seeks authorization to issue new shares and grant special rights entitling to shares, with a maximum of 1,386,000 shares to be issued, representing about 50% of the total shares post-consolidation [11][12] - The Board also proposes to authorize the acquisition of up to 270,000 treasury shares, which is approximately 10% of the total shares after consolidation, to support corporate acquisitions and improve capital structure [17][19] Group D: Meeting Logistics and Participation - Shareholders must register for the meeting by 4 p.m. on August 8, 2025, and can participate either in person or through a proxy [22][23] - The meeting will be conducted primarily in Finnish, and shareholders have the right to request information regarding the agenda items [31][33]
IDEX Biometrics ASA: New date for the share consolidation and ISIN change
GlobeNewswire News Room· 2025-06-06 16:30
Group 1 - The Company announced a share consolidation and change of ISIN, effective on 20 June 2025, as resolved by the Extraordinary General Meeting on 11 April 2025 [1][2] - The Subsequent Offering will be completed prior to the share consolidation, which has been postponed from 11 June 2025 to 20 June 2025 for technical reasons [2] - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3]
Golden Heaven Group Holdings Ltd. Announces 25 for 1 Share Consolidation
Prnewswire· 2025-05-06 20:30
Core Points - Golden Heaven Group Holdings Ltd. announced a share consolidation on a 25 for 1 ratio, effective May 9, 2025, to comply with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing [1][2] - The share consolidation will convert every 25 ordinary shares into one ordinary share automatically, with no fractional shares issued [3] - The authorized share capital will change from US$200,600,000 into a new structure, resulting in approximately 2,972,944 Class A ordinary shares and approximately 73,600 Class B ordinary shares [4] Company Overview - Golden Heaven operates amusement parks, water parks, and complementary recreational facilities in China, offering a variety of experiences including rides, water attractions, and performances [5]