Trilogy Announces Proposed Share Consolidation and Director Appointment
Trilogy AI Corp (CSE: TRAI) (OTCQB: TRAIF) has announced a 4:1 share consolidation, which will reduce its outstanding shares from 56,528,815 to approximately 14,132,204. The Board believes this consolidation will enhance financing opportunities and improve trading liquidity. Additionally, the company has appointed DJ Bowen as a Director, bringing over 20 years of expertise in quantitative trading, portfolio management, and financial software development.
Trilogy AI Corp (CSE: TRAI) (OTCQB: TRAIF) ha annunciato una consolidazione delle azioni in un rapporto di 4:1, riducendo le sue azioni in circolazione da 56.528.815 a circa 14.132.204. Il Consiglio ritiene che questa consolidazione migliorerà le opportunità di finanziamento e la liquidità degli scambi. Inoltre, l'azienda ha nominato DJ Bowen come Direttore, portando con sé oltre 20 anni di esperienza nel trading quantitativo, nella gestione di portafoglio e nello sviluppo di software finanziari.
Trilogy AI Corp (CSE: TRAI) (OTCQB: TRAIF) ha anunciado una consolidación de acciones de 4:1, que reducirá sus acciones en circulación de 56,528,815 a aproximadamente 14,132,204. La Junta cree que esta consolidación mejorará las oportunidades de financiación y la liquidez comercial. Además, la compañía ha nombrado a DJ Bowen como Director, aportando más de 20 años de experiencia en trading cuantitativo, gestión de portafolios y desarrollo de software financiero.
Trilogy AI Corp (CSE: TRAI) (OTCQB: TRAIF)가 4:1 주식 통합을 발표했습니다. 이는 유통 주식을 56,528,815주에서 약 14,132,204주로 줄이는 것입니다. 이사회는 이번 통합이 자금 조달 기회를 개선하고 거래 유동성을 향상시킬 것이라고 믿고 있습니다. 또한, 회사는 DJ Bowen을 이사로 임명하여 정량적 거래, 포트폴리오 관리 및 금융 소프트웨어 개발에서 20년 이상의 전문성을 가져왔습니다.
Trilogy AI Corp (CSE: TRAI) (OTCQB: TRAIF) a annoncé une consolidation d'actions de 4:1, ce qui réduira ses actions en circulation de 56 528 815 à environ 14 132 204. Le Conseil estime que cette consolidation améliorera les opportunités de financement et la liquidité des échanges. De plus, la société a nommé DJ Bowen en tant que Directeur, apportant plus de 20 ans d'expertise en trading quantitatif, gestion de portefeuille et développement de logiciels financiers.
Trilogy AI Corp (CSE: TRAI) (OTCQB: TRAIF) hat eine 4:1 Aktienzusammenlegung angekündigt, die die ausstehenden Aktien von 56.528.815 auf etwa 14.132.204 reduzieren wird. Der Vorstand ist der Meinung, dass diese Zusammenlegung die Finanzierungsmöglichkeiten verbessern und die Handelsliquidität erhöhen wird. Darüber hinaus hat das Unternehmen DJ Bowen zum Direktor ernannt, der über mehr als 20 Jahre Erfahrung im quantitativen Handel, in der Portfoliomanagement und in der Entwicklung von Finanzsoftware verfügt.
- Board approval received for strategic 4:1 share consolidation
- Appointment of experienced director with 20+ years in financial markets
- Expected improvement in trading liquidity post-consolidation
- Share consolidation will reduce total outstanding shares by 75%
- Potential indication of need for additional financing
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2024) - Trilogy AI Corp. (CSE: TRAI) (OTCQB: TRAIF) (FSE: Y920) announces that its board of directors ("Board") has approved a share consolidation on a four (4) for one (1) basis (the "Consolidation"). The Company currently has 56,528,815 common shares ("Shares") issued and outstanding; following completion of the Consolidation, and subject to rounding, the Company will have approximately 14,132,204 Shares issued and outstanding. The Board believes the Consolidation will provide the Company with increased flexibility to seek financing opportunities, increase interest and improve trading liquidity.
The Company does not intend to undergo a name change in conjunction with the proposed Consolidation and will provide additional details regarding the Consolidation in a subsequent news release.
The Company is also pleased to announce that Mr. DJ Bowen has been appointed as a Director of the Company, effective November 26, 2024.
DJ has served on the boards of multiple public companies, and brings over 20 years of expertise in quantitative trading, portfolio management, financial analysis, and software development for equity markets. He is well versed in programming, having developed numerous financial applications to streamline trading operations.
About Trilogy AI Corp.
Trilogy AI Corp. is a company committed to transforming the beauty industry through its AI beauty technology "Scarlett".
On Behalf of the Board of Directors,
Melody Cooper
CEO, Corporate Secretary and Director
info@trilogyai.ca
604 760 1781
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note on Forward-Looking Information
This release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation based on current expectations, estimates, forecasts, projections, beliefs and assumptions made by management of the Company. Forward-looking information is generally identified by words such as "believe", "project", "aim", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", and similar expressions and, in this news release, includes statements relating to the terms and completion of the consolidation, the financial and business prospects of the Company, its assets and other matters. Although the Company believes that the expectations and assumptions on which such forward-looking information are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking information in this news release. The forward-looking information included in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231723
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