WAVERUNNER TO SEEK SHAREHOLDER APPROVAL FOR SHARE CONSOLIDATION, OTHER MATTERS AT ANNUAL GENERAL AND SPECIAL MEETING
Waverunner Capital Inc. (CSE: WRUN) (US OTC: CHMJF) has announced an Annual General and Special Meeting (AGSM) of shareholders scheduled for November 13, 2024, with a record date of October 4, 2024. The company has filed a Notice of Meeting and Management Information Circular on SEDAR+ and its website.
At the AGSM, shareholders will vote on regular matters such as appointing auditors, ratifying the rolling stock option plan, and electing directors. Additionally, a special resolution will be proposed for a share consolidation of up to 15:1. The Board believes this consolidation will facilitate future financing and business development activities, and help meet CSE minimum pricing requirements for future financings.
While the company expects the consolidation to improve its financial position and increase flexibility for additional financing opportunities, there are no guarantees of post-consolidation financial improvement.
Waverunner Capital Inc. (CSE: WRUN) (US OTC: CHMJF) ha annunciato una Assemblea Generale e Straordinaria (AGSM) degli azionisti programmata per il 13 novembre 2024, con una data di registrazione del 4 ottobre 2024. L'azienda ha presentato un avviso di riunione e un circolare informativa di gestione su SEDAR+ e sul proprio sito web.
All'AGSM, gli azionisti voteranno su questioni ordinarie come la nomina dei revisori, la ratifica del piano di opzioni su azioni e l'elezione dei direttori. Inoltre, sarà proposta una risoluzione speciale per una consolidazione delle azioni fino a un rapporto di 15:1. Il Consiglio crede che questa consolidazione faciliterà le future attività di finanziamento e sviluppo aziendale, e aiuterà a soddisfare i requisiti di prezzo minimo richiesti dalla CSE per i finanziamenti futuri.
Sebbene l'azienda si aspetti che la consolidazione migliori la propria posizione finanziaria e aumenti la flessibilità per ulteriori opportunità di finanziamento, non ci sono garanzie di un miglioramento finanziario post-consolidazione.
Waverunner Capital Inc. (CSE: WRUN) (US OTC: CHMJF) ha anunciado una Junta General Anual y Especial (AGSM) de accionistas programada para el 13 de noviembre de 2024, con una fecha de registro del 4 de octubre de 2024. La empresa ha presentado un aviso de reunión y un circular informativa de gestión en SEDAR+ y en su sitio web.
En la AGSM, los accionistas votarán sobre asuntos regulares como la designación de auditores, la ratificación del plan de opciones sobre acciones y la elección de directores. Además, se propondrá una resolución especial para una consolidación de acciones de hasta 15:1. La Junta cree que esta consolidación facilitará las actividades de financiamiento y desarrollo empresarial futuras, y ayudará a cumplir con los requisitos de precio mínimo de la CSE para futuros financiamientos.
Aunque la empresa espera que la consolidación mejore su posición financiera y aumente la flexibilidad para oportunidades de financiamiento adicionales, no hay garantías de mejora financiera tras la consolidación.
Waverunner Capital Inc. (CSE: WRUN) (US OTC: CHMJF)는 주주 연례 총회 및 특별 회의 (AGSM)를 2024년 11월 13일로 예정하고 있으며, 기준일은 2024년 10월 4일입니다. 회사는 SEDAR+와 웹사이트에 회의 통지 및 관리 정보 순환을 제출했습니다.
AGSM에서는 주주들이 감사의 임명, 주식 선택권 제도 승인의 ratification 및 이사 선출과 같은 일반 사항에 대해 투표합니다. 또한, 특별 결의안이 15:1의 비율로 주식 통합을 제안할 것입니다. 이사회는 이러한 통합이 이후의 자금 조달 및 사업 개발 활동을 촉진하고 CSE의 향후 자금 조달을 위한 최소 가격 요건을 충족하는 데 도움이 될 것이라고 믿고 있습니다.
회사는 통합을 통해 재정 상태가 개선되고 추가 자금 조달 기회에 대한 유연성이 증가할 것으로 예상하지만, 통합 후 재정적인 개선에 대한 보장이 없습니다.
Waverunner Capital Inc. (CSE: WRUN) (US OTC: CHMJF) a annoncé une Assemblée Générale Annuelle et Extraordinaire (AGSM) des actionnaires prévue pour le 13 novembre 2024, avec une date de référence le 4 octobre 2024. L'entreprise a déposé un avis de réunion et un circulaire d'information de gestion sur SEDAR+ et sur son site web.
Lors de l'AGSM, les actionnaires voteront sur des questions ordinaires telles que la nomination des auditeurs, la ratification du plan d'options d'actions, et l'élection des administrateurs. De plus, une résolution spéciale sera proposée pour une consolidation d'actions pouvant aller jusqu'à un rapport de 15:1. Le Conseil d'administration estime que cette consolidation facilitera les activités de financement et de développement des affaires futurs, et aidera à respecter les exigences de prix minimum de la CSE pour les financements futurs.
Bien que l'entreprise s'attende à ce que la consolidation améliore sa situation financière et augmente la flexibilité pour d'autres opportunités de financement, il n'y a aucune garantie d'amélioration financière après la consolidation.
Waverunner Capital Inc. (CSE: WRUN) (US OTC: CHMJF) hat eine Jahreshaupt- und Sonderversammlung (AGSM) der Aktionäre für den 13. November 2024 angekündigt, mit einem Stichtag vom 4. Oktober 2024. Das Unternehmen hat eine Einladung zur Versammlung und einen Informationsrundschreiben über SEDAR+ und seine Website eingereicht.
Bei der AGSM werden die Aktionäre über reguläre Angelegenheiten wie die Ernennung von Wirtschaftsprüfern, die Bestätigung des Aktienoptionsplans und die Wahl von Direktoren abstimmen. Darüber hinaus wird ein besonderer Beschluss für eine Aktienzusammenlegung im Verhältnis von bis zu 15:1 vorgeschlagen. Der Vorstand ist der Ansicht, dass diese Zusammenlegung zukünftige Finanzierungs- und Geschäftsentwicklungsaktivitäten erleichtern und dazu beitragen wird, die Mindestpreisanforderungen der CSE für zukünftige Finanzierungen zu erfüllen.
Obwohl das Unternehmen erwartet, dass die Zusammenlegung seine finanzielle Lage verbessert und Flexibilität für zusätzliche Finanzierungsmöglichkeiten erhöht, gibt es keine Garantien für eine finanzielle Verbesserung nach der Zusammenlegung.
- Potential for improved financial position post-consolidation
- Increased flexibility for seeking additional financing opportunities
- Ability to meet CSE minimum pricing requirements for future financings
- No assurance of financial improvement after share consolidation
- Potential shareholder dilution due to share consolidation
THE AGSM
At the AGSM, the Company will put forward the regular matters requiring the approval of shareholders, including the appointment of auditors, ratification of the rolling stock option plan and the election of directors. In addition, the Company is proposing a special resolution to consolidate the common shares of the Company on the basis of one (1) new post-consolidation Common Share for up to every fifteen (15) currently outstanding common shares (the "Consolidation").
In order to facilitate future financing and business development activities; and in order to meet the minimum pricing requirements of the CSE for future financings, the Board believes the Consolidation to be in the best interest of the Company. Following such Consolidation, it is the expectation that the Company's financial position will improve as it will provide the Company with increased flexibility to seek additional financing opportunities. There can be no assurances, however, that the Company's financial position will improve post-Consolidation.
About Waverunner Capital Inc.
Waverunner Capital Inc. is a Canadian investment company whose strategy is to focus on opportunistic investments across a broad range of industries, and is seeking to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company's management expertise. Existing holdings are in a consumer-targeted biotechnology venture, a renewable energy developer in the wind and solar sector ("REVV"), a plant-based wellness company ("FUEL") and an
"Karl Kottmeier"
President
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", "budget", "scheduled" and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to: the timing and resolutions put forward at the AGSM; the expected growth potential of the Company; and the expected benefits of the Consolidation, including to enhance securityholder value.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the Company's reports and filings with the applicable Canadian securities regulators, including risks related to the Company's ability to complete the Consolidation. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by applicable law.
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SOURCE Waverunner Capital Inc.
FAQ
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