22:50:15 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



ATI Airtest Technologies Inc (2)
Symbol AAT
Shares Issued 222,672,582
Close 2024-01-12 C$ 0.005
Market Cap C$ 1,113,363
Recent Sedar Documents

ATI Airtest Technologies to roll back shares 1:5

2024-01-15 16:07 ET - News Release

Mr. Ted Konyi reports

ATI AIRTEST ANNOUNCES PROPOSED SHARE CONSOLIDATION

ATI Airtest Technologies Inc. intends to complete a consolidation of its issued and outstanding common shares on the basis of one new share for every five currently outstanding shares.

It is anticipated that the consolidation will reduce the number of outstanding shares from 222,672,582 shares to approximately 44,534,516 postconsolidated shares, subject to adjustment for rounding. The board of directors of the company believes that the consolidation will both enhance the marketability of the company as an investment and better position the company to raise the funds necessary to execute the company's business plan. The consolidation is subject to approval by the TSX Venture Exchange.

The company does not intend to change its name or its current trading symbol in connection with the proposed consolidation. The effective date of the consolidation will be announced in a subsequent news release.

No fractional postconsolidated shares will be issued as a result of the consolidation. Shareholders who would otherwise be entitled to receive a fraction of a postconsolidated share will be rounded up to the nearest whole number of postconsolidated shares and no cash consideration will be paid in respect of fractional shares.

The exercise price and number of Shares of the company, issuable upon the exercise of outstanding options and warrants, will be proportionally adjusted upon the implementation of the proposed consolidation in accordance with the terms thereof.

About ATI Airtest Technologies Inc.

ATI Airtest is a greentech Internet of things company with proprietary sensor technologies that drive proven energy savings while simultaneously improving air control and quality in commercial and government structures. Over the past decade, Airtest has installed thousands of wired systems in major chains such as Canadian Tire, Walmart, Shoppers Drug Mart and enclosed parkades. The company is now launching a new line of wireless technologies with improved capabilities and dynamics, which will reduce carbon emissions, increase air quality in a COVID-19 environment, and provide attractive energy and cost savings.

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