- Xigem Technologies is consolidating its issued and outstanding shares on the basis of one post-consolidation common share for every ten pre-consolidation common shares
- Following the consolidation, the company will have approximately 15,316,821 shares issued and outstanding
- Xigem Technologies is a SaaS technology platform
- Xigem Technologies Corporation (XIGM) opened trading at C$0.05
Xigem Technologies is consolidating its issued and outstanding shares based on one post-consolidation share for every ten pre-consolidation common shares.
The company currently has 153,168,214 common shares issued and outstanding. Following the consolidation, the company will have approximately 15,316,821 shares issued and outstanding. Any fractional shares will be rounded to the nearest whole number.
The post-consolidation shares are expected to begin trading on the CSE on July 21, 2022. The company’s name and trading symbol will not change. The company has been issued with a new CUSIP Number (98422W202).
The company’s Board of Directors cited increased investor interest and reduced volatility as potential benefits of the consolidation. The consolidation was approved by the company’s shareholders at its annual meeting held on April 13, 2022.
Registered shareholders were sent a letter of transmittal. The letter provides instructions on how to exchange share certificates representing pre-Consolidation common shares for new share certificates. No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary).
Xigem Technologies is a SaaS technology platform, with software capable of improving the capacity, productivity, and overall remote operations for businesses, consumers, and other organizations.
Xigem Technologies Corporation (XIGM) opened trading at C$0.05.