Vancouver, British Columbia--(Newsfile Corp. - November 27, 2024) - Trilogy AI Corp. (CSE: TRAI) (OTCQB: TRAIF) (FSE: Y920) announces that its board of directors ("Board") has approved a share consolidation on a four (4) for one (1) basis (the "Consolidation"). The Company currently has 56,528,815 common shares ("Shares") issued and outstanding; following completion of the Consolidation, and subject to rounding, the Company will have approximately 14,132,204 Shares issued and outstanding. The Board believes the Consolidation will provide the Company with increased flexibility to seek financing opportunities, increase interest and improve trading liquidity.
The Company does not intend to undergo a name change in conjunction with the proposed Consolidation and will provide additional details regarding the Consolidation in a subsequent news release.
The Company is also pleased to announce that Mr. DJ Bowen has been appointed as a Director of the Company, effective November 26, 2024.
DJ has served on the boards of multiple public companies, and brings over 20 years of expertise in quantitative trading, portfolio management, financial analysis, and software development for equity markets. He is well versed in programming, having developed numerous financial applications to streamline trading operations.
About Trilogy AI Corp.
Trilogy AI Corp. is a company committed to transforming the beauty industry through its AI beauty technology "Scarlett".
On Behalf of the Board of Directors,
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note on Forward-Looking Information
This release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation based on current expectations, estimates, forecasts, projections, beliefs and assumptions made by management of the Company. Forward-looking information is generally identified by words such as "believe", "project", "aim", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", and similar expressions and, in this news release, includes statements relating to the terms and completion of the consolidation, the financial and business prospects of the Company, its assets and other matters. Although the Company believes that the expectations and assumptions on which such forward-looking information are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking information in this news release. The forward-looking information included in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
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