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Future Mineral Changes Name, Consolidates Shares, and Closes Shares for Debt Settlements
Globenewswire· 2025-09-05 01:00
Company Overview - Future Mineral Resources Inc. has changed its name from Sulliden Mining Capital Inc. and will implement a share consolidation of one post-Consolidation Share for every 10 pre-Consolidation Shares effective September 5, 2025 [1][2] - The company currently has 166,875,979 Shares issued and outstanding, which will reduce to approximately 16,687,597 Shares post-Consolidation [2] Share Consolidation Details - No fractional Shares will be issued; any fractional Shares will be disregarded and cancelled without compensation [2] - The exercise or conversion price and the number of Shares issuable under any outstanding convertible securities will be proportionately adjusted upon completion of the Consolidation [2] - Trading of the Company's shares under the new name and ticker "FMR" is expected to commence on or about September 9, 2025, subject to approval from the Toronto Stock Exchange [3] Financial Restructuring - The company has strengthened its balance sheet by entering into four shares for debt agreements, closing on July 29, 2025, with 2227929 Ontario Inc. and three other private companies [4] - An aggregate of 12 million and 24.3 million Shares were issued on a pre-Consolidation basis at a deemed price of approximately $0.05 per share, in payment of approximately $696,234 and $1,242,334 of outstanding indebtedness [5] - The Common Shares issued are subject to a hold period of four months and one day, ending on January 3, 2026 [6] Related Party Transactions - The transaction with 2227929 Ontario Inc., controlled by a director and officer of the company, is classified as a "related party transaction" under Multilateral Instrument 61-101 [7] - The company expects to rely on exemptions from formal valuation and minority shareholder approval requirements for this related party transaction [7] Company Focus - Future Mineral is focused on acquiring and advancing brownfield, development-stage, and early production-stage mining projects across the Americas, Australia, Africa, and Europe [8]
GreenPower Announces Change of Effective Date of Share Consolidation
Prnewswire· 2025-08-27 19:45
Company Overview - GreenPower Motor Company Inc. designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [2] - The company employs a clean-sheet design approach to manufacture vehicles that are purpose-built for battery power with zero emissions, integrating global suppliers for key components [2] - GreenPower was founded in Vancouver, Canada, and has primary operational facilities in southern California [2] Recent Developments - The company has delayed the implementation of its share consolidation from August 28, 2025, to September 8, 2025, which involves a consolidation ratio of one new common share for every ten old common shares [1] - The implementation of the share consolidation is subject to receiving all required approvals from the Nasdaq Stock Exchange [1]
Golden Heaven Group Holdings Ltd. Announces 15 for 1 Share Consolidation
Globenewswire· 2025-08-26 11:00
Core Viewpoint - Golden Heaven Group Holdings Ltd. has announced a share consolidation on a 15 for 1 ratio to regain compliance with Nasdaq listing requirements, effective August 28, 2025 [1][2]. Group 1: Share Consolidation Details - The share consolidation will automatically combine every 15 ordinary shares into one ordinary share without requiring action from shareholders [3]. - No fractional shares will be issued; shareholders will receive one full share instead of any fractional share resulting from the consolidation [3]. - The authorized share capital will remain at US$6,018,000,000 but will change the structure of Class A and Class B ordinary shares, with Class A shares decreasing from approximately 36.9 million to about 2.46 million shares, and Class B shares decreasing from approximately 1.07 million to about 71,574 shares [4]. Group 2: Company Overview - Golden Heaven operates amusement parks, water parks, and complementary recreational facilities in China, offering a variety of experiences including thrilling rides, water attractions, and entertainment events [5].
Bayridge Announces Record Date for Share Consolidation
Newsfile· 2025-08-25 23:43
Company Overview - Bayridge Resources Corp. is a green energy company focused on advancing its portfolio of Canadian uranium projects [4] - The company has significant projects including the Waterbury East project and the Constellation project, both located in the Athabasca Basin region, known for its uranium exploration [4] Share Consolidation Announcement - Effective August 29, 2025, Bayridge will implement a share consolidation, converting ten pre-consolidated shares into one post-consolidated share [1] - Following the consolidation, approximately 7,342,297 shares will be issued and outstanding, with no fractional shares being issued [2] - The trading symbol "BYRG" will remain unchanged, and a new CUSIP number for the post-consolidated shares has been issued [2] Shareholder Information - The transfer agent, Odyssey Trust Company, confirmed that all shareholders of record as of the Effective Date will hold shares represented by a DRS statement, indicating a "push-out" consolidation method [3]
GreenPower Announces Effective Date of Share Consolidation
Prnewswire· 2025-08-25 21:30
Core Points - GreenPower Motor Company Inc. has announced the consolidation of its issued and outstanding common shares at a ratio of one new share for every ten currently outstanding shares, effective August 28, 2025 [1][2] - Following the consolidation, the total number of shares will decrease from 30,462,084 to approximately 3,046,229 shares, subject to rounding adjustments [2] - There will be no maximum number of authorized shares, and fractional shares will not be issued; instead, shareholders will be rounded up to the nearest whole number [2] Shareholder Instructions - Computershare Investor Services Inc. will send letters of transmittal to shareholders with instructions for exchanging pre-consolidation share certificates for post-consolidation certificates [4] - Shareholders are advised to send their share certificates along with the letter of transmittal to Computershare as per the provided instructions [4] Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [5] - The company employs a clean-sheet design approach to manufacture vehicles that are battery-powered with zero emissions, integrating global suppliers for key components [5] - Founded in Vancouver, Canada, GreenPower has primary operational facilities in southern California and has been listed on the Toronto exchange since November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [5]
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].