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Plantx Life Inc (3)
Symbol VEGA
Shares Issued 30,423,688
Close 2024-05-21 C$ 0.03
Market Cap C$ 912,711
Recent Sedar Documents

Plantx Life amends share consolidation to 1:34

2024-05-22 15:31 ET - News Release

Mr. Lorne Rapkin reports

PLANTX ANNOUNCES AMENDMENT TO PROPOSED SHARE CONSOLIDATION

Plantx Life Inc. is amending the terms of its proposed share consolidation, previously announced on May 17, 2024, in order to complete a consolidation of the issued and outstanding common shares of the company at a reduced consolidation ratio, on the basis of one postconsolidated common share for each 34 preconsolidated common shares.

Prior to the consolidation, the company has 34,423,688 preconsolidation common shares issued and outstanding. Following the consolidation, the company will have approximately 1,012,461 postconsolidation common shares issued and outstanding. No fractional common shares will be issued as part of the consolidation. In the event a holder of common shares would otherwise be entitled to receive a fractional common share in connection with the consolidation, the number of common shares to be received by such shareholder will be rounded down to the next whole number.

The consolidation was approved by the company's shareholders at the annual general and special meeting of the company's shareholders held on May 3, 2024. The company's outstanding convertible securities will also be adjusted by the consolidation ratio, and the respective exercise prices of the convertible securities will be adjusted accordingly.

The new record date of the consolidation is May 27, 2024, and, effective at the opening of markets on May 24, 2024, the common shares will commence trading on the Canadian Securities Exchange on a postconsolidation basis under the existing ticker symbol, VEGA. The new CUSIP number will be 72750P600 and the new ISIN will be CA72750P6003.

The consolidation is subject to the approval of the Canadian Securities Exchange.

We seek Safe Harbor.

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