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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
Core Viewpoint - First American Uranium Inc. will consolidate its common shares on a 1-for-2 basis effective August 6, 2025, while retaining its name and stock symbol [1][4]. Share Consolidation Details - The company currently has 12,247,181 shares, which will reduce to approximately 6,123,590 post-consolidation shares [2]. - No fractional shares will be issued; any resulting fractions will be rounded to the nearest whole share [3]. - Outstanding incentive stock options and warrants will also be adjusted on a 1:2 basis, including proportional adjustments to exercise prices [3]. Trading Information - Post-consolidation shares are expected to begin trading on the Canadian Securities Exchange (CSE) on or about August 6, 2025 [4]. Shareholder Instructions - Registered shareholders will receive letters of transmittal and must send their pre-consolidation share certificates to the company's transfer agent, Endeavor Trust Corporation, to receive post-consolidation shares [5]. Company Overview - First American Uranium Inc. is focused on mineral exploration and acquisition of mineral property assets in North America, particularly in the Silver Lake and Red Basin properties [6].
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]
Linkage Global Inc Announces 10 for 1 Share Consolidation
Newsfilter· 2025-04-02 20:30
Core Points - Linkage Global Inc has announced a share consolidation on a 10 for 1 ratio effective April 7, 2025, to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq [1][2] - The share consolidation will result in each 10 ordinary shares automatically combining into one ordinary share, with no fractional shares issued [3] - Following the consolidation, the Company's authorized share capital will change from US$2,500,000 divided into 9,980,000,000 Class A ordinary shares to US$2,500,000 divided into 998,000,000 Class A ordinary shares, with the par value increasing from US$0.00025 to US$0.0025 [4] Company Overview - Linkage Global Inc is a holding company incorporated in the Cayman Islands, operating through subsidiaries in Japan, Hong Kong, and mainland China [5] - The Company specializes in cross-border e-commerce integrated services, with two main business lines: cross-border sales and integrated e-commerce services [5]
China SXT Pharmaceuticals Has Regained Compliance with Nasdaq's Minimum Bid Price Deficiency
Newsfilter· 2025-03-17 12:30
Core Viewpoint - China SXT Pharmaceuticals, Inc. has regained compliance with Nasdaq's Minimum Bid Price Requirement after a share consolidation and has closed the matter with Nasdaq [1][4]. Group 1: Compliance Notification - The company received a Compliance Notice from Nasdaq on March 13, 2025, confirming it has met the Minimum Bid Price Requirement [1]. - Previously, on October 3, 2024, the company was notified of its failure to maintain a minimum bid price of US$1.00 per share for 30 consecutive business days [2]. - The company was given until April 1, 2025, to regain compliance under Nasdaq Listing Rules [2]. Group 2: Share Consolidation - To address the Minimum Bid Price deficiency, the company executed a share consolidation on February 25, 2025, consolidating every eight ordinary shares into one [3]. - Following the consolidation, the company achieved a closing bid price of at least US$1.00 per share for 10 consecutive business days from February 25, 2025, to March 12, 2025 [4]. Group 3: Company Overview - China SXT Pharmaceuticals, Inc. was founded in 2005 and is headquartered in Taizhou City, Jiangsu Province, China [5]. - The company specializes in the research, development, manufacturing, marketing, and sales of Traditional Chinese Medicine Pieces (TCMPs) and TCM Homologous Supplements (TCMHS) [5].