Vancouver, British Columbia – June 17, 2025 – Metasphere Labs Inc. (CSE: LABZ) (OTC: LABZF) (FRA: H1N) has officially announced a special meeting (the "SM") set for July 21, 2025.
During the meeting, the company will request approval from shareholders for a significant consolidation of its common shares. The proposal entails a consolidation ratio where every four (4) existing shares will be converted into one (1) new share. It is important to note that no fractional shares will be issued, and any fractions resulting from this consolidation will be rounded to the nearest whole number. Additionally, there will be changes to the CUSIP and ISIN codes upon the consolidation’s completion.
Should the shareholders approve this consolidation, the effective date will be communicated through a news release, depending on the board of directors’ determination that it serves the company’s best interests.
Furthermore, the consolidation must receive acceptance from the Canadian Securities Exchange. Even if shareholders approve it, the Board holds the authority to rescind the resolution at any time before implementation if deemed beneficial for the company.
Eligibility to Vote
Only shareholders of record as of June 5, 2025, are eligible to participate in the voting process at the special meeting. These shareholders will receive a management information circular and proxy materials, which will also be accessible on the company’s SEDAR profile in a timely manner.
About Metasphere Labs Inc.
Metasphere Labs Inc. is committed to leveraging blockchain technology to create practical applications, emphasizing environmental sustainability and positive social impacts.
Contact Information
For further inquiries, please contact:
Francis Rowe, CFO
Email: [email protected]
Phone: 604-687-2038
Forward-Looking Information Disclaimer
This announcement contains forward-looking statements that reflect expectations regarding future developments. Any references that are not strictly historical facts may be considered forward-looking and involve various beliefs, plans, and anticipations concerning prospective events.
The forward-looking elements include, but are not limited to, anticipated shareholder approval for the proposed consolidation, potential implementation schedules, development initiatives regarding carbon credit protocols, and other blockchain and metaverse projects.
Such information is based on management’s current expectations, estimates, and projections, but is subject to numerous uncertainties and risks, many of which are beyond the company’s control. Potential risks include, but are not limited to, the failure to obtain shareholder approval, decisions against proceeding with the consolidation, market fluctuations post-consolidation, and the regulatory landscape.
While management deems these assumptions reasonable based on currently available information, they may be incorrect. The forward-looking statements represent projections and come with known and unknown risks that might affect actual outcomes.
Further information about risks related to the company’s operations can be found in its disclosure materials and regulatory filings available at www.sedarplus.ca.
All the aforementioned risks may impact actual business results, levels of activity, or performance compared to those anticipated in forward-looking statements. The company does not undertake any obligation to update these statements unless required by law.
Source Citation
This announcement is provided by Metasphere Labs Inc. and is copyrighted material from TheNewswire, 2025. All rights reserved.
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