Datametrex Announces Share Consolidation
Datametrex AI (TSXV:DM, OTCQB:DTMXF) has announced a proposed share consolidation on a 30:1 basis, following shareholder approval from November 13, 2024. The consolidation will reduce the outstanding shares from 630,080,158 to approximately 21,002,671 shares.
Management states this consolidation is necessary to optimize the capital structure and attract financing. The consolidation is pending regulatory and TSX Venture Exchange approval. Fractional shares less than 1/2 will be cancelled, while those 1/2 or greater will be rounded up. The company will retain its 'DM' trading symbol, though it will receive a new ISIN number: CA23809L2075.
Registered shareholders will receive instructions via mail for exchanging their pre-consolidation shares, while no action is required from non-registered shareholders.
Datametrex AI (TSXV:DM, OTCQB:DTMXF) ha annunciato una proposta di consolidamento delle azioni su base 30:1, dopo l'approvazione degli azionisti avvenuta il 13 novembre 2024. La consolidazione ridurrà le azioni in circolazione da 630.080.158 a circa 21.002.671 azioni.
La direzione afferma che questo consolidamento è necessario per ottimizzare la struttura del capitale e attrarre finanziamenti. La consolidazione è in attesa di approvazione da parte delle autorità e della TSX Venture Exchange. Le azioni frazionarie inferiori a 1/2 saranno annullate, mentre quelle pari o superiori a 1/2 saranno arrotondate. L'azienda manterrà il suo simbolo di trading 'DM', anche se riceverà un nuovo numero ISIN: CA23809L2075.
Gli azionisti registrati riceveranno istruzioni via posta per scambiare le loro azioni pre-consolidamento, mentre non è richiesta alcuna azione da parte degli azionisti non registrati.
Datametrex AI (TSXV:DM, OTCQB:DTMXF) ha anunciado una propuesta de consolidación de acciones en una proporción de 30:1, tras la aprobación de los accionistas el 13 de noviembre de 2024. La consolidación reducirá las acciones en circulación de 630.080.158 a aproximadamente 21.002.671 acciones.
La dirección indica que esta consolidación es necesaria para optimizar la estructura de capital y atraer financiamiento. La consolidación está pendiente de aprobación regulatoria y de la TSX Venture Exchange. Las acciones fraccionarias menores a 1/2 serán canceladas, mientras que las de 1/2 o más serán redondeadas. La compañía mantendrá su símbolo de negociación 'DM', aunque recibirá un nuevo número ISIN: CA23809L2075.
Los accionistas registrados recibirán instrucciones por correo para intercambiar sus acciones previas a la consolidación, mientras que no se requiere ninguna acción por parte de los accionistas no registrados.
Datametrex AI (TSXV:DM, OTCQB:DTMXF)는 2024년 11월 13일 주주 승인을 받은 후 30:1 비율의 주식 통합을 제안했습니다. 이 통합으로 인해 발행 주식 수가 630,080,158주에서 약 21,002,671주로 줄어듭니다.
경영진은 이러한 통합이 자본 구조 최적화와 자금 조달 유치를 위해 필요하다고 밝히고 있습니다. 통합은 규제 및 TSX 벤처 거래소의 승인을 기다리고 있습니다. 1/2보다 작은 분할 주식은 취소되며, 1/2 이상의 주식은 반올림됩니다. 회사는 'DM' 거래 심볼을 유지하지만 새로운 ISIN 번호: CA23809L2075를 받게 됩니다.
등록된 주주들은 통합 이전의 주식을 교환하는 방법에 대한 안내를 우편으로 받게 되며, 비등록 주주들은 아무런 조치를 취할 필요가 없습니다.
Datametrex AI (TSXV:DM, OTCQB:DTMXF) a annoncé une proposition de consolidation des actions sur une base de 30:1, suite à l'approbation des actionnaires le 13 novembre 2024. La consolidation réduira le nombre d'actions en circulation de 630 080 158 à environ 21 002 671 actions.
La direction déclare que cette consolidation est nécessaire pour optimiser la structure du capital et attirer un financement. La consolidation est en attente de l'approbation des régulateurs et de la TSX Venture Exchange. Les actions fractionnaires inférieures à 1/2 seront annulées, tandis que celles de 1/2 ou plus seront arrondies. L'entreprise conservera son symbole de négociation 'DM', mais recevra un nouveau numéro ISIN : CA23809L2075.
Les actionnaires enregistrés recevront des instructions par courrier pour échanger leurs actions avant la consolidation, tandis qu'aucune action n'est requise de la part des actionnaires non enregistrés.
Datametrex AI (TSXV:DM, OTCQB:DTMXF) hat einen vorgeschlagenen Aktienzusammenlegung im Verhältnis 30:1 bekannt gegeben, nachdem die Aktionäre am 13. November 2024 zugestimmt haben. Die Zusammenlegung wird die ausstehenden Aktien von 630.080.158 auf etwa 21.002.671 Aktien reduzieren.
Das Management gibt an, dass diese Zusammenlegung notwendig ist, um die Kapitalstruktur zu optimieren und Finanzierungen anzuziehen. Die Zusammenlegung steht noch unter dem Vorbehalt der Genehmigung durch die Behörden und die TSX Venture Exchange. Bruchteile von Aktien, die kleiner als 1/2 sind, werden annuliert, während Anteile von 1/2 oder mehr aufgerundet werden. Das Unternehmen behält sein Handelssymbol 'DM', erhält jedoch eine neue ISIN-Nummer: CA23809L2075.
Registrierte Aktionäre erhalten per Post Anweisungen zum Austausch ihrer Vor-Zusammenlegungs Aktien, während von nicht registrierten Aktionären keine Maßnahmen erforderlich sind.
- Company aims to optimize capital structure for better financing opportunities
- Shareholder approval already obtained for the consolidation
- Significant share consolidation (30:1 ratio) indicates potential capital structure issues
- Existing shareholders will see their total number of shares reduced by 96.67%
TORONTO, ON / ACCESS Newswire / February 6, 2025 / Datametrex AI Limited (the "Company" or "Datametrex") (TSXV:DM)(FSE:D4G)(OTCQB:DTMXF) announces a proposed consolidation of its common shares on the basis of one (1) new common share for every existing thirty (30) common shares (the "Consolidation"), subject to regulatory approval, including approval of the TSX Venture Exchange (the "TSXV"). The Consolidation was approved by the shareholders of the Company at the Annual and Special Meeting held on November 13, 2024.
The management believes that the Consolidation is necessary to optimize the capital structure of the Company and to attract financing. Subject to approval of the TSXV, the Consolidation is anticipated to be completed in the immediate future. Where the exchange results in a fractional share, any fractional share that is less than 1/2 of one post-consolidation Common Share will be cancelled and each fractional share that is at least 1/2 of one post-consolidation Common Share will be rounded up to one whole post-consolidation Common Share. The Company's new ISIN number will be CA23809L2075. The Company will not undergo a name change at the time of Consolidation. Accordingly, the trading symbol of the Company's common shares on the TSXV will remain as "DM".
A letter of transmittal will be mailed to registered shareholders providing instructions on how to exchange share certificates representing pre-Consolidation Shares for new share certificates or direct registration advice statements (DRS) representing post-Consolidation Shares to which they are entitled as a result of the Consolidation. No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary) to effect the Consolidation.
As on date, there are 630,080,158 pre-Consolidation shares outstanding. Following the Consolidation, there are expected to be 21,002,671 post-Consolidation shares outstanding.
About Datametrex
Datametrex is an innovative leader in Technology Solutions, Artificial Intelligence, Healthcare, and Mobile Gaming. The Company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.
For more on Datametrex, please visit our Company website.
For Additional Information
Paul Haber, C.P.A., C.A., C. Dir
CEO & Chairman
info@datametrex.com
(416) 318-6501
Disclaimer
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Statements
This press release may contain certain forward-looking information and statements ("forward-looking information") within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Forward-looking information in this press release includes, but is not limited to, expectations regarding the Consolidation, the new ISIN of the Company being effective as of the expected effective date, and the Company receiving regulatory approvals to complete the Consolidation. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE: DataMetrex AI Ltd.
View the original press release on ACCESS Newswire
FAQ
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