Eve & Co Incorporated (TSXV: EVE) has finally filed for its previously announced share consolidation to take effect. The consolidation, or reverse split as its commonly referred to among retail investors, is set to take effect as of market open on December 31, 2020.
The share consolidation will take place on a ten to one basis, meaning shareholders will receive one new share of the company for every ten shares previously held. The consolidation as a result will effectively see the 287.9 million shares outstanding reduced down to just 28.8 million.
Shareholder approval was previously granted back in June, with the company just electing now to put the consolidation into effect. As always, post-consolidation fractional shares will not be issued, with proportional voting power remaining unchanged.
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Eve & Co last traded at $0.03 on the TSX Venture.
Information for this briefing was found via Sedar and Eve & Co Incorporated. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
