Cathedra Bitcoin Announces Proposed Share Consolidation
Cathedra Bitcoin (OTCQB: CBTTF) has announced a 30:1 share consolidation of its subordinate voting shares and multiple voting shares. The consolidation is expected to take effect on October 15, 2025, with a record date of October 14, 2025, pending TSX Venture Exchange approval.
Under the consolidation, every 30 shares will be combined into one share, with fractional shares rounded down. The consolidation will not affect shareholders' proportional ownership in the company. Trading will continue under the same symbols "CBIT" on TSX Venture Exchange and "CBTTF" on OTCQB, but with a new CUSIP number. Shareholders holding shares in electronic form need not take any action.
Cathedra Bitcoin (OTCQB: CBTTF) ha annunciato un consolidamento azionario 30:1 delle sue azioni a voto subordinato e delle azioni a voto multiplo. Il consolidamento dovrebbe entrare in vigore il 15 ottobre 2025, con una data di registrazione il 14 ottobre 2025, in attesa dell approvazione della TSX Venture Exchange.
Sotto il consolidamento, ogni 30 azioni saranno unite in una sola azione, con le azioni frazionarie arrotondate per difetto. Il consolidamento non influenzerà la partecipazione proporzionale degli azionisti nella società. Il trading continuerà con gli stessi simboli CBIT sulla TSX Venture Exchange e CBTTF sull OTCQB, ma con un nuovo numero CUSIP. Gli azionisti che detengono azioni in forma elettronica non devono intraprendere alcuna azione.
Cathedra Bitcoin (OTCQB: CBTTF) ha anunciado una consolidación de acciones 30:1 de sus acciones con voto subordinado y de voto múltiple. Se espera que la consolidación entre en vigor el 15 de octubre de 2025, con una fecha de registro el 14 de octubre de 2025, a la espera de la aprobación de TSX Venture Exchange.
Bajo la consolidación, cada 30 acciones se combinarán en una sola acción, con las fracciones redondeadas hacia abajo. La consolidación no afectará la participación proporcional de los accionistas en la empresa. Las operaciones seguirán bajo los mismos símbolos CBIT en TSX Venture Exchange y CBTTF en OTCQB, pero con un nuevo número CUSIP. Los accionistas que posean acciones en forma electrónica no necesitan tomar ninguna medida.
Cathedra Bitcoin (OTCQB: CBTTF)가 보통주와 다중 의결권 주식의 30대 1 주식 합병을 발표했습니다. 합병은 2025년 10월 15일에 시행될 예정이며, 레코드 날짜는 2025년 10월 14일이며 TSX Venture Exchange의 승인을 기다리고 있습니다.
합병에 따라 매 30주가 1주로 합병되며 소수 주식은 내림으로 반올림됩니다. 합병은 주주들의 회사에 대한 비례 지분에 영향을 미치지 않습니다. 거래는 여전히 TSX Venture Exchange의 심볼 CBIT와 OTCQB의 CBTTF로 계속되지만 새로운 CUSIP 번호가 부여됩니다. 전자 형태로 보유한 주주는 아무 조치도 필요하지 않습니다.
Cathedra Bitcoin (OTCQB: CBTTF) a annoncé un regroupement d’actions 30 pour 1 de ses actions à droit de vote subordonné et des actions à droit de vote multiple. Le regroupement devrait prendre effet le 15 octobre 2025, avec une date d’enregistrement le 14 octobre 2025, en attente de l’approbation de la TSX Venture Exchange.
Sous le regroupement, chaque 30 actions seront regroupées en une seule action, les fractions étant arrondies à l’entier inférieur. Le regroupement n’affectera pas la participation proportionnelle des actionnaires dans la société. Le trading se poursuivra sous les mêmes symboles CBIT sur la TSX Venture Exchange et CBTTF sur OTCQB, mais avec un nouveau numéro CUSIP. Les actionnaires détenant des actions sous forme électronique n’ont pas besoin d’agir.
Cathedra Bitcoin (OTCQB: CBTTF) hat eine 30:1-Aktienszusammenlegung ihrer stimmberechtigten und mehrfach stimmberechtigten Aktien angekündigt. Die Zusammenlegung soll voraussichtlich am 15. Oktober 2025 in Kraft treten, mit einem Record Date am 14. Oktober 2025, vorbehaltlich der Genehmigung durch die TSX Venture Exchange.
Im Rahmen der Zusammenlegung werden aus je 30 Aktien eine Aktie, Bruchteile werden abgerundet. Die Zusammenlegung wird die prozentuale Eigentümerschaft der Aktionäre nicht beeinträchtigen. Der Handel wird unter denselben Symbolen CBIT an der TSX Venture Exchange und CBTTF an der OTCQB fortgeführt, jedoch mit einer neuen CUSIP-Nummer. Aktionäre, die Aktien in elektronischer Form halten, müssen nichts veranlassen.
Cathedra Bitcoin (OTCQB: CBTTF) أعلنت عن دمج أسهم 30 إلى 1 لأسهمها التصويتية الفرعية والأسهم التصويتية المتعددة. من المتوقع أن يبدأ الدمج سريانه في 15 أكتوبر 2025، مع تاريخ تسجيل في 14 أكتوبر 2025، في انتظار موافقة TSX Venture Exchange.
بموجب الدمج، سيتم دمج كل 30 سهماً في سهم واحد، مع تقريب الأسهم الجزئية إلى الأسفل. الدمج لن يؤثر على الملكية النسبية للمساهمين. ستستمر التداولات بالرموز نفسها CBIT في TSX Venture Exchange و CBTTF في OTCQB، ولكن برقم CUSIP جديد. المساهمون الذين يحملون الأسهم بشكل إلكتروني لا يحتاجون إلى اتخاذ أي إجراء.
Cathedra Bitcoin (OTCQB: CBTTF)宣布对其下级表决权股票和多票表决股票进行30：1 的股票合并。预计于2025 年 10 月 15 日生效，记录日为2025 年 10 月 14 日，待 TSX Venture Exchange 批准。
在合并下，每 30 股将合并成 1 股，若有小数股将向下取整。合并不会影响股东在公司中的比例所有权。交易将继续使用相同的代码 CBIT（在 TSX Venture Exchange）和 CBTTF（在 OTCQB），但将采用新的 CUSIP 编号码。以电子形式持股的股东无需采取任何行动。
- Share consolidation may help meet minimum price requirements for exchange listing
- Streamlined capital structure could improve trading efficiency
- Automatic processing through transfer agent simplifies the process for most shareholders
- Shareholders may lose fractional shares due to rounding down
- Reduced number of outstanding shares may impact trading liquidity
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) (the "Company" or "Cathedra"), a bitcoin company that develops and operates digital infrastructure assets, today announced that its Board of Directors has approved a 30:1 consolidation of the Company's issued and outstanding subordinate voting shares and multiple voting shares (the "Consolidation").
The record date for the Consolidation is expected to be on or about October 14, 2025, and effective on or about October 15, 2025, subject to the approval of the TSX Venture Exchange. As a result of the Consolidation, every 30 subordinate voting shares and multiple voting shares of the Company issued and outstanding as of the record date would be consolidated into one subordinate voting share or multiple voting share, as applicable. No fractional subordinate voting shares would be issued; instead, any such fractional shares resulting from the Consolidation would be rounded down to the nearest whole share. The Consolidation would affect all shareholders uniformly and would not alter any shareholder's percentage interest in the Company's equity, except to the extent that the Consolidation results in any shareholder losing a fractional share due to rounding down.
The Company's subordinate voting shares would continue to trade on the TSX Venture Exchange under the symbol "CBIT" and on the OTCQB under the symbol "CBTTF," with the adjusted shares expected to begin trading on a post-Consolidation basis at the opening of trading on or after the effective date, under a new CUSIP number. Shareholders who do not hold their shares in physical form would not need to take any action, as the Consolidation would be processed automatically by the Company's transfer agent.
The Consolidation is intended to reduce the number of shares currently outstanding, streamlining the Company's capital structure.
About Cathedra Bitcoin Inc.
Cathedra develops and operates digital infrastructure assets across North America. The Company hosts bitcoin mining clients across its portfolio of three data centers (30 megawatts total) in Tennessee and Kentucky and recently developed and sold a 60-megawatt data center in North Dakota, a joint venture in which Cathedra held a minority interest, closing of which is anticipated to occur in 2025. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data centers, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its subordinate voting shares trade on the TSX Venture Exchange under the symbol "CBIT" and in the OTC market under the symbol "CBTTF".
For more information about Cathedra, visit cathedra.com or follow Company news on X at @CathedraBitcoin or on Telegram at @CathedraBitcoin.
For media and investor relations enquiries, please contact:
Joel Block
Chief Executive Officer
+1 (604) 259-0607
ir@cathedra.com
Forward-Looking Statements
This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. . Forward-looking information contained in this news release includes but is not limited to the Consolidation, the approval of the Consolidation and the expected timing of the Consolidation. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.
Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: failure of the TSX Venture Exchange to approve the Consolidation, changes in the Company's relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh; the risks and uncertainties associated with foreign markets; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine Bitcoin is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; risks associated with the completion of the sale of the Company's minority interest in the 60-megawatt data center in North Dakota, including the inability to close such sale on contemplated terms, or at all; and the power purchase agreements and economics thereof may not be as advantageous as expected. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. For further information concerning these risks and uncertainties and other risks and uncertainties, please see the Company's filings under the Company's SEDAR+ profile on www.sedarplus.ca, including but not limited to the Company's management information circular dated June 18, 2024 and the Company's most recent interim and annual management discussion and analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended and such changes could be material, including factors that are currently unknown to or deemed immaterial by the Company. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267670
FAQ
What is the ratio of Cathedra Bitcoin's (CBTTF) share consolidation announced for October 2025?
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Will Cathedra Bitcoin's stock symbols change after the consolidation?
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What happens to fractional shares in Cathedra Bitcoin's consolidation?
