AGEDB Technology Ltd. Announces Share Consolidation
Vancouver, BC – June 10, 2025 /CNW – AGEDB Technology Ltd. (TSXV: AGET) has announced a significant step in its growth strategy, with the Board of Directors approving a share consolidation plan. The consolidation will occur at a ratio of one post-consolidated share for every ten pre-consolidated shares.
Currently, AGEDB has 42,383,200 common shares issued and outstanding. Post-consolidation, this number will reduce to approximately 4,238,320 shares. The consolidation will not create fractional shares; any fractions will be rounded in accordance with British Columbia’s Business Corporations Act. The company’s outstanding convertible securities will also be adjusted to reflect this ratio.
Despite the consolidation, AGEDB’s name and trading symbol on the TSX Venture Exchange will remain unchanged. An official announcement regarding the effective date for trading on a consolidated basis will be released in due course, pending approval from the TSXV.
AGEDB Technology Ltd. is recognized as a leading provider of enterprise database solutions, specializing in advanced technologies such as graph databases and data processing systems. Its offerings cater to a global client base, positioning AGEDB as a robust player in the technology sector.
The announcement comes with a note on forward-looking statements, indicating that projected outcomes may differ from actual results due to various risks and uncertainties inherent in the industry.
This consolidation reflects AGEDB’s commitment to enhancing its capital structure and ultimately supporting its strategic initiatives moving forward.
For further information, please contact:
Young Seung Ko
Director, AGEDB Technology Ltd.
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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