Eguana Announces Share Consolidation
Eguana Technologies (TSXV: EGT) (OTC Pink: EGTYF) has announced a 10:1 share consolidation following shareholder approval at their September 26, 2024 annual general meeting. The consolidation will reduce the company's outstanding common shares from 451,956,022 to approximately 45,195,602.
The energy storage systems provider aims to increase its share price through this consolidation, potentially enhancing investor interest, reducing shareholder transaction costs, and improving trading liquidity. The consolidation, which remains subject to TSX Venture Exchange approval, was approved within a range of three to ten pre-consolidation shares for each post-consolidation share, with the board selecting the maximum 10:1 ratio.
Eguana Technologies (TSXV: EGT) (OTC Pink: EGTYF) ha annunciato una consolidazione delle azioni 10:1 dopo l'approvazione degli azionisti nella loro riunione annuale del 26 settembre 2024. La consolidazione ridurrà le azioni ordinarie in circolazione dell'azienda da 451.956.022 a circa 45.195.602.
Il fornitore di sistemi di stoccaggio energetico mira ad aumentare il proprio prezzo delle azioni attraverso questa consolidazione, potenzialmente aumentando l'interesse degli investitori, riducendo i costi di transazione per gli azionisti e migliorando la liquidità del trading. La consolidazione, che è soggetta all'approvazione della TSX Venture Exchange, è stata approvata all'interno di un intervallo di tre a dieci azioni pre-consolidazione per ogni azione post-consolidazione, con il consiglio che ha selezionato il massimo rapporto 10:1.
Eguana Technologies (TSXV: EGT) (OTC Pink: EGTYF) ha anunciado una consolidación de acciones 10:1 tras la aprobación de los accionistas en su reunión anual del 26 de septiembre de 2024. La consolidación reducirá las acciones ordinarias en circulación de la compañía de 451,956,022 a aproximadamente 45,195,602.
El proveedor de sistemas de almacenamiento de energía busca aumentar su precio de acciones a través de esta consolidación, lo que podría aumentar el interés de los inversores, reducir los costos de transacción para los accionistas y mejorar la liquidez en el comercio. La consolidación, que está sujeta a la aprobación de la TSX Venture Exchange, fue aprobada en un rango de tres a diez acciones pre-consolidación por cada acción post-consolidación, siendo el consejo el que seleccionó el máximo ratio de 10:1.
에구아나 테크놀로지스 (TSXV: EGT) (OTC Pink: EGTYF)는 2024년 9월 26일 연례 총회에서 주주 승인을 받은 후 10:1 주식 통합을 발표했습니다. 이 통합은 회사의 발행 보통주 수를 451,956,022주에서 약 45,195,602주로 줄일 것입니다.
에너지 저장 시스템 제공업체는 이번 통합을 통해 주가를 높이고, 투자자 관심을 증가시키며, 주주 거래 비용을 줄이고, 거래 유동성을 개선하는 것을 목표로 하고 있습니다. 이 통합은 TSX 벤처 거래소의 승인을 받아야 하며, 통합 전 주식 3주에서 10주에 대해 통합 후 1주로 승인되었으며, 이사회는 최대 비율인 10:1을 선택했습니다.
Eguana Technologies (TSXV: EGT) (OTC Pink: EGTYF) a annoncé une consolidation des actions 10:1 suite à l'approbation des actionnaires lors de leur assemblée générale annuelle le 26 septembre 2024. La consolidation réduira les actions ordinaires en circulation de la société de 451 956 022 à environ 45 195 602.
Le fournisseur de systèmes de stockage d'énergie vise à augmenter son prix d'action grâce à cette consolidation, ce qui pourrait accroître l'intérêt des investisseurs, réduire les coûts de transaction pour les actionnaires et améliorer la liquidité des échanges. La consolidation, qui reste soumise à l'approbation de la TSX Venture Exchange, a été approuvée dans une fourchette de trois à dix actions avant consolidation pour chaque action après consolidation, le conseil ayant sélectionné le ratio maximum de 10:1.
Eguana Technologies (TSXV: EGT) (OTC Pink: EGTYF) hat eine 10:1 Aktienkonsolidierung nach der Genehmigung durch die Aktionäre auf ihrer Hauptversammlung am 26. September 2024 angekündigt. Die Konsolidierung wird die ausstehenden Stammaktien des Unternehmens von 451.956.022 auf etwa 45.195.602 reduzieren.
Der Anbieter von Energiespeichersystemen zielt darauf ab, durch diese Konsolidierung den Aktienkurs zu erhöhen, was möglicherweise das Interesse der Investoren steigert, die Transaktionskosten für die Aktionäre senkt und die Handelsliquidität verbessert. Die Konsolidierung, die der Genehmigung der TSX Venture Exchange unterliegt, wurde innerhalb eines Rahmens von drei bis zehn Vor-Konsolidierungsaktien für jede Nach-Konsolidierungsaktie genehmigt, wobei der Vorstand das maximale Verhältnis von 10:1 wählte.
- Share consolidation could improve stock trading liquidity
- Potential for increased investor interest due to higher share price
- Expected reduction in shareholder transaction costs
- No immediate fundamental business value change from share consolidation
- Share consolidation subject to TSX Venture Exchange approval
Calgary, Alberta--(Newsfile Corp. - March 20, 2025) - Eguana Technologies Inc. (TSXV: EGT) (OTC Pink: EGTYF) ("Eguana" or the "Company"), a leading provider of high-performance energy storage systems, is pleased to announce a 10:1 share consolidation.
At the annual general and special meeting of shareholders held September 26, 2024, the shareholders of Eguana approved a consolidation of the Company's issued and outstanding common shares (the "Common Shares") at a ratio between the range of three (3) and ten (10) pre-consolidation Common Shares for each one (1) post-consolidation Common Share (the "Consolidation"). The board of directors of the Company have determined the Consolidation will proceed on a 10:1 basis. The Company currently has 451,956,022 Common Shares issued and outstanding. Following completion of the Consolidation, the Company will have approximately 45,195,602 Commons Shares issued and outstanding.
The Company expects the Consolidation will increase the price of its Common Shares, which could increase investor interest, reduce shareholder transaction costs and improve trading liquidity. Additional details about the Consolidation can be found in the Company's management information circular dated August 16, 2024, which is available on Eguana's SEDAR+ profile at www.sedarplus.ca.
The effective date and further details of the Consolidation will be disclosed in a subsequent news release. The Consolidation remains subject to TSX Venture Exchange approval.
About Eguana Technologies Inc.
Eguana's vision is to build the grid of the future by delivering flexible, modular, and cost-effective alternatives to traditional grid upgrades. Our technology provides value to all key stakeholders - from the consumer, to the electricity retailer, the distribution utility, and the system operator.
Since 1998, Eguana Technologies Inc. has connected utilities with consumers through its high-performance commercial and residential energy storage solutions. The Eguana product suite has been designed from the ground up with both the end user and the utility in mind to transition the power grid seamlessly.
Manufactured in local facilities in North America to ensure compliance and quality, Eguana's standardized platform allows the flexibility to ensure each product solution is optimized for use in major grid modernization markets.
To learn more, visit www.EguanaTech.com or follow us on LinkedIn and @EguanaTech on X.
Company Inquiries
Justin Holland, CEO
Eguana Technologies Inc.
+1.416.728.7635
Justin.Holland@EguanaTech.com
Forward Looking Statements
The reader is advised that all information herein, other than statements of historical fact, may constitute forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning assigned by National Instrument 51-102 - Continuous Disclosure Obligations and other relevant securities legislation.
Certain information in this news release includes statements about management's view of future events, expectations, plans, and prospects that constitute forward-looking statements, including, but not limited to: the completion and timing of the Consolidation; the number of Common Shares outstanding following the Consolidation; whether TSX Venture Exchange and other regulatory approval of the Consolidation will be obtained; whether the price of the Common Shares will increase as a result of the Consolidation; and whether the Consolidation will increase investor interest, reduce shareholder transaction costs and improve trading liquidity. These statements are based on assumptions subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct.
Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties. Many factors could cause the Company's actual results, performance or achievements, or future events or developments, to differ materially from those expressed or implied by forward-looking statements. Such factors include, but are not limited to, the factors set out in the "Risk Factors" section of the Company's management's discussion and analysis for the three and six months ended June 30, 2024 and Company's management's discussion and analysis for the year ended December 31, 2023, which may be found on its website or at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245356
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