Contents
Introduction
Cypher Metaverse Inc. (CSE:CODE) has revealed its plans to move forward with a consolidation of its common shares, with shareholders and the Board of Directors having approved the decision.
Consolidation Details
The consolidation will be on the basis of fifteen pre-consolidation Shares for one post-consolidation Share. After the consolidation, the company will have 1,435,276 Shares issued and outstanding.
Warrant Consolidation
Alongside the share consolidation, the company will also consolidate its outstanding warrants on a ratio of fifteen to one, ensuring each consolidated warrant entitles the holder to acquire one Share at an adjusted exercise price.
Reason for Consolidation
The consolidation aims to enhance the company’s flexibility in pursuing additional financing opportunities and is subject to the approval of the Canadian Securities Exchange. The company’s name will remain unchanged after the consolidation.
Company Information
Cypher Metaverse Inc. focuses on early-stage investments in emerging technology sectors and is headquartered in Vancouver, BC. The company’s common shares are listed on the CSE and it is a reporting issuer in multiple provinces.
Forward-Looking Statements
The company cautions that forward-looking statements involve risks and uncertainties, and readers are advised to refer to the company’s disclosure documents on its SEDAR+ profile for more information.
Contact Information
For further information, please contact Brian Keane, Director of Cypher Metaverse Inc., via phone at (877) 806-CODE or email at info@cypher-meta.com.
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