- At the opening of trading on September 26, 2022, common shares of PlantX Life (VEGA) will begin trading on a post-consolidation basis
- Under the consolidation, twenty pre-consolidation shares equal one post-consolidation share
- As a result of the consolidation a total of approximately 10,048,329 common shares will be issued and outstanding
- PlantX’s platform is a one-stop shop for more than 5,000 plant-based products
- PlantX Life (VEGA) is unchanged on the day, trading at C$0.025 per share at 11 am ET
At the opening of trading on September 26, 2022, common shares of PlantX Life (VEGA) will begin trading on a post-consolidation basis.
Under the consolidation, twenty pre-consolidation shares equal one post-consolidation share.
As a result of the consolidation a total of approximately 10,048,329 common shares will be issued and outstanding. No fractional shares will be issued, and any post-consolidated fraction of a common share will be rounded to the nearest whole number.
The company name has not changed, and the trading symbol remains as VEGA. A new CUSIP number has been issued for the post-consolidated common shares, being 72750P303.
Shareholders of record who hold common shares represented by a physical certificate or DRS statement will receive a letter with instructions on how to exchange their existing certificates or DRS statements for certificates or statements representing the post-consolidation shares.
The management cease trade order issued by the British Columbia Securities Commission on August 2, 2022 remains in effect. The MCTO does not affect the ability of shareholders who are not company insiders to trade the common shares. However, the applicable Canadian securities regulatory authorities could determine that it would be appropriate to issue a general cease trade order against the company affecting all of the common shares.
PlantX’s platform is a one-stop shop for plant-based products. With its fast-growing category verticals, the company offers customers across North America more than 5,000 plant-based products.
PlantX Life (VEGA) is unchanged on the day, trading at C$0.025 per share at 11 am ET.
