Consolidation 4 into 1 rollback THREED CAPITAL INC. ANNOUNCES SHARE CONSOLIDATION
ThreeD Capital Inc. has filed articles of amendment to consolidate the company's issued and outstanding common shares on the basis of one new common share for every four existing common shares, all effective as of April 27, 2020. Shareholder approval of the Consolidation was obtained at the Company's annual and special meeting of shareholders held on April 7, 2020.
In connection with the Consolidation, the Company has sent letters of transmittal to holders of its common shares for use in transmitting their existing share certificates ("Existing Certificates") to the Company's registrar and transfer agent, TSX Trust Company, in exchange for new certificates ("New Certificates") representing the number of post-Consolidation common shares to which such shareholder is entitled as a result of the Consolidation. No delivery of a New Certificate to a shareholder will be made until the shareholder has surrendered its Existing Certificates. Until surrendered, each Existing Certificate shall be deemed for all purposes to represent the number of post-Consolidation common shares to which the holder is entitled as a result of the Consolidation.
Following the Consolidation, there are approximately 30,606,391 common shares of the Company outstanding. The common shares of the Company reflecting the Consolidation will commence trading on the Canadian Stock Exchange effective as of April 29, 2020, under the existing symbol "IDK".