Mr. Jungsoo Kim reports
AGEDB TECHNOLOGY ANNOUNCES SHARE CONSOLIDATION
AGEDB Technology Ltd.'s board of directors has approved a consolidation of the company's common shares on the basis of one postconsolidated share for every five preconsolidated shares.
Currently, the company has 58,383,200 common shares issued and outstanding. Following the consolidation, the company will have approximately 11,676,640 common shares issued and outstanding. No fractional shares will be issued but will instead be rounded as provided for in Section 83(1) of the Business Corporations Act (British Columbia). The company's outstanding convertible securities shall be adjusted according to the consolidation ratio.
The company's name and trading symbol on the TSX Venture Exchange shall remain the same.
The company will issue a further news release announcing the effective date in which the company will commence trading on a consolidated basis. The consolidation remains subject to the approval of the TSX Venture Exchange.
About AGEDB Technology Ltd.
AGEDB Technology is a publicly listed Canadian company delivering innovative IT (information technology) consulting and managed services to enterprises worldwide. The company specializes in guiding organizations through digital transformation, optimizing technology infrastructure and ensuring business resilience. Backed by the credibility of a TSX Venture Exchange listing and a team of seasoned experts, AGEDB helps clients unlock growth through reliable, scalable and secure IT solutions.
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