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Arcus Announces Effective Date of Share Consolidation and Closing of Financing
Thenewswire· 2025-12-24 01:15
Core Viewpoint - Arcus Development Group Inc. will consolidate its shares on a 1-for-10 basis effective December 30, 2025, reducing the total shares from 73,878,065 to 7,387,807 before financing [1][2] Share Consolidation - The consolidation will result in 13,221,140 shares issued and outstanding post-financing, with no fractional shares issued [2] - Fractional shares will be rounded down if less than 0.5 and rounded up if 0.5 or more [2][3] Financing Details - The company has announced two non-brokered private placements with total gross proceeds of $1,650,000, expected to close on December 30, 2025 [4] - The first financing involves 2,000,000 post-consolidation units at $0.25 per unit, raising $500,000 [5] - The second financing includes 3,833,333 post-consolidation units at $0.30 per unit, raising $1,150,000 [6] Use of Proceeds - Net proceeds from the financing will be used for general working capital and to fund the Touleary project in the White Gold District of Yukon Territory [8] Securities Regulation - Securities issued in connection with the financing will not be registered under the U.S. Securities Act and cannot be offered or sold in the U.S. unless registered or exempt [9]
Autozi Internet Technology (Global) Ltd. Announces 50 for 1 Share Consolidation
Prnewswire· 2025-12-09 21:05
Core Viewpoint - Autozi Internet Technology (Global) Ltd. has announced a share consolidation on a 50 for 1 ratio to regain compliance with Nasdaq listing requirements, effective December 12, 2025 [1][2]. Group 1: Share Consolidation Details - The share consolidation will automatically convert every 50 ordinary shares into one issued and outstanding 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 change from US$500,000 divided into 480 billion Class A shares and 20 billion Class B shares to US$500,000 divided into 9.6 billion Class A shares and 400 million Class B shares [4]. Group 2: Company Overview - Autozi is a leading provider of lifecycle automotive services in China, founded in 2010, offering a range of automotive products and services through online and offline channels [5]. - The company utilizes an advanced online supply chain cloud platform and SaaS solutions to create a dynamic ecosystem that enhances collaboration and efficiency across the automotive industry [5].
NuRAN Announces Intention to Complete Consolidation in Preparation to the Restructuring Transaction
Accessnewswire· 2025-12-05 17:20
Core Viewpoint - NuRAN Wireless Inc. has announced a consolidation of its common shares at a ratio of one post-consolidated share for every three hundred pre-consolidated shares to facilitate listing on a U.S. national securities exchange [1] Group 1 - The consolidation was approved by the board of directors and shareholders during a meeting held on October 22, 2025 [1] - The purpose of the consolidation is to meet conditions and obtain necessary regulatory approvals for listing on NASDAQ, NYSE, or another U.S. national securities exchange [1]
Chijet Motor Company Inc. Announces Official Name Change to “Digital Currency X Technology Inc.” and New Ticker Symbol “DCX” Effective November 14, 2025
Globenewswire· 2025-11-13 19:32
Company Overview - CHIJET MOTOR COMPANY, INC. will change its name to "Digital Currency X Technology Inc." and its ticker symbol to "DCX" effective November 14, 2025 [1] - The company specializes in the development, manufacture, sales, and service of traditional fuel vehicles and new energy vehicles, with a focus on high performance at reasonable prices [3] - The company operates a large modern vehicle production base in Jilin, China, and is constructing a factory in Yantai, China dedicated to new energy vehicle production [3] Corporate Actions - The name change and ticker symbol change were approved by shareholders on September 24, 2025, and are subject to the approval of the Cayman Registrar [1] - A one hundred (100)-for-one (1) share consolidation of the company's issued and unissued ordinary shares will also take place [1] - Current securityholders do not need to take any action regarding the name and ticker symbol change, and the CUSIP number will remain unchanged [2]
Havila Kystruten AS: Mandatory notification of trade
Globenewswire· 2025-11-07 10:22
Group 1 - The extraordinary general meeting of Havila Kystruten AS resolved to conduct a share consolidation in the ratio of 50:1 [1] - A share capital increase was approved to facilitate the share consolidation due to the current number of shares not being divisible by 50 [1] - Havila Holding AS, associated with primary insiders, subscribed for 41 shares in the share capital increase [2]
ELSE NUTRITION ANNOUNCES SHARE CONSOLIDATION
Prnewswire· 2025-11-03 21:37
Core Viewpoint - Else Nutrition Holdings Inc. has announced a share consolidation, reducing the number of common shares from approximately 374 million to about 37 million, effective November 6, 2025 [1][3]. Share Consolidation Details - The consolidation will occur on a basis of one post-consolidation common share for every ten pre-consolidation common shares [1]. - The new CUSIP and ISIN numbers for the post-consolidation shares will be 290257500 and CA2902575000, respectively [2]. - Proportionate adjustments will be made to the Company's outstanding stock options, warrants, and other convertible securities [3]. Shareholder Instructions - Registered shareholders will receive a letter of transmittal from Computershare Investor Services Inc. to facilitate the share consolidation process [4]. - Non-registered shareholders should consult their intermediaries for specific procedures related to the share consolidation [5]. Company Overview - Else Nutrition Holdings Inc. focuses on developing innovative, clean, and plant-based food and nutrition products for various age groups, including infants and toddlers [7]. - The company has gained recognition for its plant-based, non-soy formula and has achieved significant sales growth since launching its products [7][8].
Battery X Metals Confirms October 28, 2025 Effective Date for Strategic Share Consolidation to Advance Corporate Growth and Capital Market Presence
Accessnewswire· 2025-10-28 00:00
Core Viewpoint - Battery X Metals has confirmed October 28, 2025, as the effective date for a strategic 20:1 share consolidation, reducing the number of issued and outstanding common shares from approximately 70.2 million to 3.5 million, which is a significant step towards optimizing the company's capital structure [1] Group 1 - The share consolidation is part of broader strategic initiatives aimed at strengthening the company's balance sheet flexibility [1] - The consolidation is expected to enhance the marketability and accessibility of the company's shares [1] - The initiative supports long-term corporate growth and capital markets strategies to expand investor reach and enhance shareholder value [1]
Havila Kystruten AS: Notice of extraordinary general meeting November 7th, 2025
Globenewswire· 2025-10-24 10:52
Core Points - The Board of Directors of Havila Kystruten AS has announced an extraordinary general meeting scheduled for November 7, 2025, at 10:00 CET [1] - The agenda includes the election of independent board members, a reverse share split in the ratio of 50:1, and a share capital increase to facilitate the share consolidation [2] - Shareholders with non-divisible shares will have their holdings rounded down, and fractional shares will be sold with proceeds donated to charity [3] - The meeting will be conducted digitally with electronic voting options available [4] Agenda Items - Election of Board members to ensure independence for potential refinancing [2] - Implementation of a reverse share split at a ratio of 50:1 [2] - Proposal for a share capital increase to support the share consolidation [2] - Authorization for the Board to set key dates related to the share consolidation and change of ISIN [2] Shareholder Information - Shareholders must hold a number of shares divisible by 50 to avoid rounding down [3] - Fractional shares will not be issued, and no compensation will be provided for rounding [3] - Proceeds from the sale of consolidated fractional shares will be donated to a charitable cause [3] Meeting Logistics - The extraordinary general meeting will be held as a digital meeting with electronic voting via Lumi [4] - Advance voting and proxy authorizations are permitted [4] - Relevant documents and meeting notice are available on the company's website [4]
Battery X Metals Announces Strategic Share Consolidation to Advance Corporate Growth and Capital Market Presence
Accessnewswire· 2025-10-18 00:30
Core Viewpoint - Battery X Metals is pursuing a share consolidation to enhance the marketability of its shares and attract a broader base of investors, aligning with its long-term strategic and market objectives [1] Group 1: Share Consolidation - The share consolidation is aimed at improving the market visibility of the company [1] - This initiative is part of a broader corporate strategy to strengthen the company's capital structure [1] - The consolidation is expected to enhance overall investor accessibility [1]
Bolt Metals Announces Consolidation Of Common Shares
Thenewswire· 2025-10-15 22:00
Core Points - Bolt Metals Corp. will consolidate its common shares at a ratio of one new share for every twenty-five existing shares to enhance its capital markets profile and attract a broader investor base [1][2] - The consolidation received shareholder approval on August 7, 2025, and was approved by the Board of Directors on October 8, 2025, with a record date set for October 23, 2025 [2] - Post-consolidation, the company will have approximately 4,378,388 common shares outstanding, down from 109,459,708 shares [3] Shareholder and Securities Information - The exercise terms of all outstanding warrants, stock options, and other convertible securities will be adjusted proportionally to reflect the consolidation ratio [4] - A letter of transmittal will be provided to registered shareholders for exchanging pre-consolidation shares for post-consolidation shares, while brokers will automatically update accounts for their clients [5] Property and Strategic Update - The company has relinquished its ownership and operational rights in several properties, including the Silver Switchback Copper-Silver Property, Soap Gulch Copper Project, and New Britain Antimony Property, as part of a strategic review [6] - Bolt has granted 19,000,000 Restricted Share Units (RSUs) to certain consultants under its Equity Incentive Plan, which is subject to a four-month and one-day hold period [7] Company Overview - Bolt Metals Corp. focuses on the acquisition and exploration of mineral properties with high potential for development in North America, trading on multiple exchanges under various symbols [8]