Workflow
Micro and Smart Irrigation
icon
Search documents
Water Ways Announces Effective Date of Share Consolidation and Provides Corporate Update
GlobeNewswire News Roomยท 2025-08-15 21:00
Core Points - Water Ways Technologies Inc. has received final acceptance from the TSX Venture Exchange for the consolidation of its outstanding common shares at a ratio of one post-consolidation share for every ten pre-consolidation shares [1][2] - The total number of issued and outstanding common shares will decrease from approximately 148,785,346 to about 14,878,537 following the consolidation, effective August 21, 2025 [2] - The company will continue to trade under the symbol "WWT" on the TSXV, with new CUSIP and ISIN numbers assigned [3] Shareholder Information - Shareholders of record as of the effective date will receive a letter of transmittal from Computershare Trust Company with instructions for exchanging their existing certificates for post-consolidation shares [4] - Beneficial shareholders holding shares through intermediaries should contact their brokers or financial institutions for information on the consolidation process [5] Strategic Update - Water Ways is undergoing a strategic shift towards the Canadian market, having filed an application to cease operations of its Israeli subsidiary, Irri-Al-Tal Ltd., which is not expected to impact the company's revenues significantly [6] - The liquidation process for Irri-Al-Tal Ltd. is anticipated to take approximately three years, longer than the initially expected five to twelve months due to delays in collecting amounts owed by international customers [7] Company Overview - Water Ways Technologies Inc. is a Canadian provider of Israeli-based agriculture technology, focusing on water irrigation solutions for agricultural producers in Canada and the USA [8] - The company is capitalizing on opportunities in micro and smart irrigation, with projects including vineyards, blueberries, and fresh produce cooling rooms [8]