AGEDB Technology Ltd. Announces Share Consolidation
Vancouver, BC, June 10, 2025 — AGEDB Technology Ltd. (TSXV: AGET) has announced a significant step in its financial strategy, as the Board of Directors has approved a consolidation of the company’s common shares. The consolidation ratio is set at one post-consolidated share for every ten pre-consolidated shares.
Currently, AGEDB has 42,383,200 common shares issued and outstanding. Post-consolidation, this number will reduce to approximately 4,238,320 shares. The calculation ensures that no fractional shares will be issued; any fractions will be rounded according to Section 83(1) of the Business Corporations Act (British Columbia). Additionally, adjustments will be made for the company’s outstanding convertible securities in accordance with the consolidation ratio.
Importantly, AGEDB will retain its name and trading symbol on the TSX Venture Exchange. The company has indicated that it will provide a further announcement regarding the effective date of this consolidation, which will commence trading on a consolidated basis, pending approval from the TSX Venture Exchange.
AGEDB Technology Ltd. is recognized as a leader in enterprise database solutions, specializing in advanced database technologies such as graph databases and data processing systems. The company aims to deliver robust solutions to a global client base.
In compliance with regulatory guidelines, AGEDB emphasizes that this release may contain forward-looking statements, which involve risks and uncertainties that could lead to actual results differing from anticipated outcomes. The company has reiterated that it does not accept responsibility for the accuracy of this release, as stated by the TSXV.
For further details, AGEDB encourages stakeholders to stay tuned for additional announcements regarding the progress of this consolidation.
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