Trilogy Announces Record Date for Share Consolidation
Trilogy AI Corp. (CSE: TRAI) has announced a share consolidation effective December 6, 2024. The consolidation will be conducted on a 4:1 basis, meaning one post-consolidated share will replace every four pre-consolidated shares. Following the consolidation, approximately 14,132,204 shares will be outstanding, subject to rounding adjustments. No fractional shares will be issued. The company's trading symbol remains 'TRAI', though a new CUSIP number (895979201) has been assigned. The transfer agent, Odyssey Trust Company, confirmed that shareholders of record will hold shares represented by a DRS statement, with the consolidation being conducted on a 'push-out' basis.
Trilogy AI Corp. (CSE: TRAI) ha annunciato una consolidamento delle azioni in vigore dal 6 dicembre 2024. La consolidamento sar脿 eseguito su base 4:1, il che significa che ogni singola azione post-consolidamento sostituir脿 quattro azioni pre-consolidamento. Dopo il consolidamento, ci saranno circa 14.132.204 azioni in circolazione, soggette ad aggiustamenti di arrotondamento. Non saranno emesse azioni frazionarie. Il simbolo di negoziazione dell'azienda rimane 'TRAI', sebbene sia stato assegnato un nuovo numero CUSIP (895979201). L'agente di trasferimento, Odyssey Trust Company, ha confermato che gli azionisti registrati deterranno azioni rappresentate da un estratto conto DRS, con la consolidamento effettuata su base 'push-out'.
Trilogy AI Corp. (CSE: TRAI) ha anunciado una consolidaci贸n de acciones efectiva a partir del 6 de diciembre de 2024. La consolidaci贸n se llevar谩 a cabo en una base de 4:1, lo que significa que una acci贸n tras la consolidaci贸n reemplazar谩 a cada cuatro acciones antes de la consolidaci贸n. Tras la consolidaci贸n, aproximadamente 14,132,204 acciones estar谩n en circulaci贸n, sujeto a ajustes de redondeo. No se emitir谩n acciones fraccionarias. El s铆mbolo de negociaci贸n de la empresa sigue siendo 'TRAI', aunque se ha asignado un nuevo n煤mero CUSIP (895979201). El agente de transferencia, Odyssey Trust Company, confirm贸 que los accionistas registrados poseer谩n acciones representadas por un estado DRS, y la consolidaci贸n se realizar谩 sobre una base de 'empuje'.
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Trilogy AI Corp. (CSE: TRAI) a annonc茅 une consolidation d'actions effective 脿 partir du 6 d茅cembre 2024. La consolidation se fera sur une base de 4:1, c'est-脿-dire qu'une action post-consolidation remplacera quatre actions pr茅-consolidation. Apr猫s la consolidation, environ 14 132 204 actions seront en circulation, sous r茅serve d'ajustements d'arrondi. Aucune action fractionn茅e ne sera 茅mise. Le symbole de cotation de l'entreprise reste 'TRAI', bien qu'un nouveau num茅ro CUSIP (895979201) ait 茅t茅 attribu茅. L'agent de transfert, Odyssey Trust Company, a confirm茅 que les actionnaires enregistr茅s d茅tiendront des actions repr茅sent茅es par un relev茅 DRS, la consolidation 茅tant effectu茅e sur une base de 'pouss茅e'.
Trilogy AI Corp. (CSE: TRAI) hat eine Aktienzusammenlegung angek眉ndigt, die am 6. Dezember 2024 wirksam wird. Die Zusammenlegung erfolgt im Verh盲ltnis 4:1, was bedeutet, dass eine nach der Zusammenlegung ausgegebene Aktie vier vor der Zusammenlegung ausgegebene Aktien ersetzt. Nach der Zusammenlegung werden voraussichtlich etwa 14.132.204 Aktien ausstehen, vorbehaltlich von Rundungsanpassungen. Es werden keine Bruchaktien ausgegeben. Das Handelssymbol des Unternehmens bleibt 'TRAI', obwohl eine neue CUSIP-Nummer (895979201) zugewiesen wurde. Der Transferagent, die Odyssey Trust Company, best盲tigte, dass die eingetragenen Aktion盲re Aktien in Form eines DRS-Auszugs halten werden und die Zusammenlegung auf einer 'Push-Out'-Basis durchgef眉hrt wird.
- None.
- Share consolidation (reverse split) typically indicates potential financial distress or attempt to maintain listing requirements
- Reduction in total outstanding shares could impact stock liquidity
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2024) - Trilogy AI Corp. (CSE: TRAI) (OTCQB: TRAIF) (FSE: Y920) (the "Company" or "Trilogy") announces that, further to its news release of November 27, 2024, effective at the opening of trading on December 6, 2024 (the "Effective Date") the common shares of the Company (the "Shares") will commence trading on the Canadian Securities Exchange on a consolidated basis, with one (1) post-consolidated Share outstanding for every four (4) pre-consolidated Shares (the "Consolidation").
As a result of the Consolidation, on the Effective Date, a total of approximately 14,132,204 Shares will be issued and outstanding, subject to adjustments for rounding. No fractional Shares will be issued, and any post-consolidated fraction of a Share will be rounded to the nearest whole number of Shares. The name of the Company has not been changed, and the trading symbol remains as "TRAI". A new CUSIP number has been issued for the post-consolidated Shares, being 895979201.
The transfer agent for the Company, Odyssey Trust Company, has confirmed that all shareholders of record as of the Effective Date hold Shares represented by a DRS statement, and, as such, the Consolidation is being conducted on a "push-out" basis.
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,
Melody Cooper
CEO, Corporate Secretary and Director
[email protected]
604 760 1781
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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FAQ
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