- Gravitas Financial (GFI) has announced a name and symbol change to New Frontier Ventures (VFI.X)
- Gravitas also announced a consolidation of its issued and outstanding common shares on the basis of one post-consolidated common share for every twenty-five pre-consolidated common shares
- As a result, the outstanding shares of the company will be reduced to approximately 2,904,082 common shares
- Gravitas is a financial services, research and analytics holding company
- Gravitas Financial Inc. was down 50.00 per cent, trading at $0.005 at 12:33 ET
Gravitas Financial (GFI) has announced a name and symbol change to New Frontier Ventures (VFI.X).
In addition, Gravitas also announced a consolidation of its issued and outstanding common shares on the basis of one post-consolidated common share for every twenty-five pre-consolidated common shares.
Consequently, the outstanding shares of the company will be reduced to approximately 2,904,082 common shares.
The shares will begin trading on a consolidated basis and with a new name, symbol and CUSIP number on October 4, 2022.
The company has not met the continued listing requirements as set out in CSE Policy 2, Appendix A section 2.9. In accordance with Policy 3, section 5.1, the .X extension is added to the symbol. The company will be subject to the restrictions set out in Policy 6 section 2.4.
It is to be noted that all open orders will be cancelled at the close of business on October 3, 2022. Dealers are reminded to re-enter their orders taking into account the share consolidation.
Gravitas is a financial services, research and analytics holding company providing, through its various subsidiaries, capital market services to individual, private and public company clients.
Gravitas Financial Inc. was down 50.00 per cent, trading at $0.005 at 12:33 ET.