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PTLE Announces 1-for-80 Share Consolidation
Globenewswire· 2026-02-24 12:25
Core Viewpoint - PTL Limited has announced the approval of a 1-for-80 share consolidation of its Class A and Class B ordinary shares to regain compliance with Nasdaq listing requirements [1][2]. Share Consolidation Details - The share consolidation will take effect on February 27, 2026, with Class A Ordinary Shares trading under the same symbol "PTLE" but with a new CUSIP number G7377S127 [2]. - Currently, there are 491,237,500 Class A Ordinary Shares and 11,250,000 Class B Ordinary Shares outstanding. Post-consolidation, there will be 6,140,469 Class A Ordinary Shares and 140,625 Class B Ordinary Shares outstanding [3]. - The consolidation will not result in fractional shares; any fractions will be rounded up to the next whole number [3]. Company Overview - PTL Limited is headquartered in Hong Kong and operates as a bunkering facilitator, providing marine fuel logistics services primarily for container ships, bulk carriers, general cargo vessels, and chemical tankers [4]. - The company targets the Asia Pacific market and leverages its established network within the marine fuel logistics industry to offer a one-stop solution for vessel refueling [4].
Big Tree Cloud Holdings Limited Announces Implementation of Class A/B Share Structure and 1-for-20 Share Consolidation
Prnewswire· 2026-02-11 14:15
Core Viewpoint - Big Tree Cloud Holdings Limited has announced the implementation of a dual-class share structure and a 1-for-20 share consolidation, aimed at strengthening its market position and supporting future growth [1] Group 1: Share Consolidation - The company held an extraordinary general meeting on January 30, 2026, where shareholders approved the consolidation of every 20 ordinary shares into one ordinary share [1] - The reverse stock split will not alter any shareholder's percentage interest in the company's outstanding ordinary shares, except for adjustments from rounding up fractional shares [1] - The consolidated shares will begin trading on the Nasdaq Capital Market under the symbol "DSY" on February 12, 2026 [1] Group 2: Dual-Class Share Structure - The authorized share capital has been changed to US$50,000, divided into 25,000,000 shares, comprising 20,000,000 Class A ordinary shares and 5,000,000 Class B ordinary shares [1] - The company has redesignated existing shares, with 3,500,000 shares registered in the name of Ploutos Group Limited becoming Class B shares, while the remaining shares are designated as Class A shares [1] - All outstanding options, warrants, and other securities will be adjusted according to their respective terms following the share consolidation [1] Group 3: Management Commentary - A company spokesperson stated that the share consolidation and dual-class structure are significant milestones designed to support the next phase of growth and provide stability for executing long-term strategies [1] - The measures are intended to strengthen the corporate foundation and enhance governance, focusing on driving innovation and sustainable value for stakeholders [1] Group 4: Company Overview - Big Tree Cloud, founded in 2020, is positioned as an international capital platform focused on industrial integration and strategic investment in China's personal care industry [1] - The company is accelerating its expansion into the AI sector to capture growing market demand for AI skills, injecting fresh momentum into its development [1]
CSE Bulletin: Consolidation - Cullinan Metals Corp. (CMT)
TMX Newsfile· 2026-02-02 21:02
Group 1 - Cullinan Metals Corp. announced a consolidation of its issued and outstanding common shares at a ratio of one post-consolidated common share for every ten pre-consolidated common shares [1][2][3] - The total number of outstanding shares will be reduced to approximately 3,284,909 common shares following the consolidation [1][3] - The company's name and symbol will remain unchanged despite the share consolidation [1][3] Group 2 - All open orders will be canceled at the close of business on February 3, 2026, and dealers are advised to re-enter their orders considering the share consolidation [2][3] - Trading on a consolidated basis will commence on February 4, 2026 [4] - The record date for the consolidation is set for February 4, 2026, with an anticipated payment date of February 5, 2026 [4]
DEVONIAN ANNOUNCES SHARE CONSOLIDATION IN FURTHER PREPARATION FOR POTENTIAL U.S. LISTING
Prnewswire· 2026-01-20 14:00
QUÉBEC, Jan. 20, 2026 /PRNewswire/ - Devonian Health Group Inc. ("Devonian" or the "Company") (TSXV: GSD) (OTCQB: DVHGF) is pleased to announce that, in connection with an evaluation of an additional listing of the Company's common shares ("Common Shares") on a U.S. stock exchange, following the approval of its shareholders by a majority of 99,79 %, the Company will be implementing a consolidation (reverse stock split) of its outstanding Common Shares on the basis of one new Common Share for every sixty cur ...
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].