ALUULA Composites Announces TSXV Approval of Share Consolidation
Victoria, British Columbia, March 10, 2025 – ALUULA Composites Inc. (TSXV: AUUA) (“ALUULA” or the “Company”) is pleased to announce that the TSX Venture Exchange (TSXV) has approved the consolidation of the Company’s common shares. This consolidation, which was previously announced on February 18, 2025, will take effect at the opening of trading on March 12, 2025 (the “Effective Date”).
Consolidation Details
Under the terms of the consolidation, one (1) post-consolidation share will be issued for every twenty (20) pre-consolidation shares. This means that shareholders of record as of the Effective Date will receive one-twentieth (1/20) of a post-consolidation share for each pre-consolidation share they hold.
Impact on Shareholders
The consolidation is intended to increase the market price and trading liquidity of ALUULA’s common shares. By reducing the number of outstanding shares, the market value of each share is expected to increase, making it more attractive to potential investors. Additionally, a higher share price may make it easier for smaller investors to acquire shares, as they would need to purchase fewer shares to reach a desirable investment amount.
Impact on the World
While the impact on the world at large may not be directly significant, the successful implementation of the share consolidation could lead to increased investor interest in ALUULA Composites. As a result, the Company may attract more attention from the investment community, potentially leading to increased research coverage, partnership opportunities, and collaborations. Furthermore, the success of ALUULA’s share consolidation could serve as a positive example for other companies considering similar actions.
Conclusion
ALUULA Composites is excited to announce the approval of its share consolidation by the TSXV. Effective March 12, 2025, one post-consolidation share will be issued for every twenty pre-consolidation shares, with the intention of increasing market price and trading liquidity. Shareholders of record as of the Effective Date will receive one-twentieth of a post-consolidation share for each pre-consolidation share they hold. The consolidation could lead to increased investor interest in ALUULA, potentially resulting in increased research coverage, partnership opportunities, and collaborations. The success of this consolidation could also serve as a positive example for other companies considering similar actions.
- ALUULA Composites announces TSXV approval of share consolidation
- Effective March 12, 2025, one post-consolidation share for every twenty pre-consolidation shares
- Intended to increase market price and trading liquidity
- Shareholders of record as of Effective Date to receive one-twentieth of a post-consolidation share
- Potential for increased investor interest, research coverage, partnerships, and collaborations
