Trackloop to roll back shares 1:20, change name Trackloop to roll back shares 1:20, change name
2019-10-21 12:18 MT - News Release
Mr. Geoff Balderson reports
TRACKLOOP ANALYTICS ANNOUNCES CONSOLIDATION, NAME CHANGE AND TRADING SYMBOL CHANGE
At market open Friday, Oct. 25, 2019, Trackloop Analytics Corp.'s common shares will commence trading on a 20-old-for-one-new share consolidated basis. The Company also will change its name to Tracker Ventures Corp.; the Company's trading symbol will change to TKR. The record date is October 24, 2019. Registered shareholders will receive a letter of transmittal from the Company's transfer agent with instructions for exchanging their pre-consolidated shares. Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name, will not need to complete a letter of transmittal.
There are currently 64,252,658 common shares issued and outstanding. Upon completion of the consolidation, there will be approximately 3,212,632 common shares issued and outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the Company are consolidated. The Company will not issue any fractional common shares as a result of the consolidation. Instead, all fractional shares will be rounded down to the next whole number. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and their respective exercise prices adjusted accordingly.
The Company also announces the resignation of David Taylor as a director. The board of directors would like to thank Mr. Taylor for his contributions to the Company and wish him every success in his future endeavours.
About Trackloop Analytics Inc.
Trackloop Analytics is an analytics software company that is leveraging digital asset technology to transform and modernize multiple industries. Trackloop is taking a diversified approach to the analytics and technology space, delivering practical solutions in the finance, logistics, cannabis, and pharmaceutical industries. The Company's turnkey real-time tracking solutions offer the very latest in IoT and AI, providing valuable data and business intelligence to some of the world's leading brands.
We seek Safe Harbor.
© 2019 Canjex Publishing Ltd. All rights reserved.