PlantFuel Announces Consolidation

Rhea-AI Summary

PlantFuel Life Inc. (CSE: FUEL, OTC: PLFLF) plans to consolidate its common shares on a 1-for-6 basis. This means shareholders will receive one new share for every six shares they currently hold. Registered shareholders will get instructions from Computershare Investor Services for exchanging their shares, while those holding shares through a broker won't need to take any action. The consolidation aims to streamline share structure, potentially benefiting investors.

Positive

• Share consolidation may increase share value by reducing the number of outstanding shares.
• New CUSIP and ISIN numbers will be issued to reflect the consolidation.

Negative

• Shareholders may perceive share consolidation as a sign of financial instability.
• Potential dilution of shares if the consolidation does not lead to higher valuations.

MISSISSAUGA, ON, Dec. 3, 2021 /PRNewswire/ -- PlantFuel Life Inc. (CSE: FUEL) (OTC: PLFLF) (FSE: BR1B) ("PlantFuel" or the "Company") announces that it intends to complete a consolidation of its issued and outstanding common shares (the "Shares") on the basis of one (1) new Share for every six (6) Shares currently held.  A new CUSIP and ISIN number will be issued.

Registered shareholders will receive a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., with instructions for exchanging their pre–consolidated Shares. Shareholders who hold their Shares through a broker or other intermediary and do not have Shares registered in their name, will not need to complete a letter of transmittal.

For additional information contact:

PlantFuel Life Inc.

ir@plantfuel.com 

About PlantFuel Life Inc.

PlantFuel Life Inc is a scientifically focused plant-based wellness company managed by a group of successful entrepreneurs who have extensive experience in the areas of consumer-packaged goods, manufacturing, logistics, and distribution. FUEL is a CPG life science company focused on the plant-based foods and supplements industry. https://plantfuel.com/ 

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. 

View original content:https://www.prnewswire.com/news-releases/plantfuel-announces-consolidation-301437277.html

SOURCE PlantFuel Life Inc.

FAQ

What is PlantFuel Life Inc.'s share consolidation announcement?

PlantFuel Life Inc. announced a consolidation of its common shares on a 1-for-6 basis, reducing the number of outstanding shares.

When is the share consolidation effective for PLFLF?

The press release does not specify the exact date for the share consolidation; shareholders will receive further instructions.

How will shareholders receive instructions for the share consolidation?

Registered shareholders will receive a letter of transmittal from Computershare Investor Services with instructions.

Will there be any changes to PlantFuel's stock symbols after the consolidation?

The stock symbols PLFLF and FUEL will remain the same; however, new CUSIP and ISIN numbers will be issued.

What does the share consolidation indicate about PlantFuel Life Inc.'s financial health?

While share consolidations can sometimes indicate financial challenges, they may also be a strategic move to enhance share value.