AGEDB Technology Ltd. Announces Share Consolidation
Vancouver, BC, June 10, 2025 — AGEDB Technology Ltd. ("AGEDB" or the "Company") (TSXV: AGET) has received approval from its Board of Directors for a consolidation of its common shares, setting the ratio at one (1) post-consolidated share for every ten (10) pre-consolidated shares. Presently, the Company has 42,383,200 common shares outstanding, which will reduce to approximately 4,238,320 shares following the consolidation.
In compliance with the Business Corporations Act of British Columbia, no fractional shares will be issued; instead, they will be rounded as specified. Additionally, all outstanding convertible securities will be adjusted according to the new consolidation ratio. The Company will retain its name and trading symbol on the TSX Venture Exchange.
The effective date for the consolidation will be announced in a future news release and is subject to the approval of the TSX Venture Exchange.
AGEDB Technology Ltd. is recognized as a leading provider of enterprise database solutions. The Company specializes in innovative database technologies, including graph databases and advanced data processing systems, delivering comprehensive solutions to clients around the globe.
In a statement, Young Seung Ko, a director of AGEDB, emphasized the potential benefits of the consolidation for enhancing shareholder value and positioning the Company for future growth opportunities.
This announcement contains forward-looking statements regarding the Company’s expectations and plans, which involve certain risks and uncertainties. Actual results may differ materially from those projected due to various factors.
Neither the TSX Venture Exchange nor its Regulation Services Provider assumes responsibility for the adequacy or accuracy of this release.
For further updates and information, stay tuned for the upcoming news release from AGEDB Technology Ltd.
Note: The image is for illustrative purposes only and is not the original image associated with the presented article. Due to copyright reasons, we are unable to use the original images. However, you can still enjoy the accurate and up-to-date content and information provided.
