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Wolfram producer Almonty Industries (TSX:AII) announced a share rollback on Thursday. Shares will be consolidated at a ratio of 1.5 to 1. Anyone who previously held 1,500 shares will hold 1,000 shares after the rollback. Fractions of shares will be rounded down. So, if you have 149 shares in your portfolio, you
Nasdaq listing approaching: a boost for Almonty and new opportunities
The rollback is seen as a signal that things are getting serious regarding the planned listing of Almonty Industries shares on the Nasdaq. To be listed on the prestigious US stock exchange, shares must be trading at at least USD 3.00. Although the current price is already well above this mark, Almonty (TSX:AII) is playing it safe and consolidating its share portfolio. This indicates that Almonty shares could be traded on the Nasdaq in the coming weeks. A listing on one of the world’s largest and most prestigious stock exchanges offers access to institutional investors from the US, increases the chance of inclusion in indices, and ensures improved international visibility and higher trading volumes. For companies, a successful listing process is a kind of accolade, as it requires strict financial, transparency, and compliance rules to be met. As a result, financing also becomes easier – companies whose shares are traded on the Nasdaq play in a different league when it comes to investors.
Reverse split already on Monday – will short sellers be caught off guard?
And what consequences could the measure have in the short term**? In the past, reverse splits have repeatedly caused problems for short sellers. As a rule, brokers or clearing houses take care of the conversion to a new class of shares. However, if errors or delays occur, short sellers may be forced to cover their short positions. Since the new shares will be traded starting next Monday and Almonty Industries has gained nearly 300% in the past six months alone, there could be some short sellers who will have to act in the wake of today’s announced share rollback.
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will receive 99 new shares. The new shares will be traded with a new international securities identification number (ISIN) starting July 7, 2025. The reverse split won’t change anything for existing shareholders: investors will have fewer shares in their portfolio, but these will be worth more proportionally. But why is a company like Almonty Industries taking such a step?
This article is presented in partnership with Apaton Finance GmbH. It is a sponsored communication intended to inform investors and should not be taken as a recommendation or financial advice.
