Datametrex Announces Effective Date for Share Consolidation

Rhea-AI Summary

Datametrex AI (TSXV:DM, FSE:D4G, OTCQB:DTMXF) has announced the effective date for its share consolidation. Starting February 19, 2025, the company's shares will trade on the TSX Venture Exchange on a consolidated basis, with a ratio of one post-consolidation share for every thirty pre-consolidation shares. The company will maintain its current name during this process. Following the consolidation, the total number of outstanding shares will be approximately 21,002,671, subject to rounding for fractional shares. The company's new ISIN number for post-consolidation shares will be CA23809L2075.

Positive

• None.

Negative

• Share consolidation (reverse split) of 30:1 ratio indicates potential concerns about maintaining exchange listing requirements
• Significant reduction in outstanding shares from ~630 million to ~21 million could impact stock liquidity

TORONTO, ON / ACCESS Newswire / February 18, 2025 / Datametrex AI Limited (the "Company" or "Datametrex") (TSXV:DM)(FSE:D4G)(OTCQB:DTMXF) announces that, further to the Company's news release dated February 6, 2025,effectiveat the opening on February 19, 2025, the common shares of the Company ("Shares") will commence trading on the TSX Venture Exchange ("TSXV") on a consolidated basis of one (1) post-consolidation share for every thirty (30) pre-consolidation shares (the "Consolidation").

The Company will not undergo a name change at the time of Consolidation. The Company's new ISIN number will be CA23809L2075 for post-Consolidation Shares.

‎The total issued and outstanding number of Shares post-Consolidation will be approximately 21,002,671, subject to rounding for fractional Shares. ‎

For additional information regarding the Consolidation, please refer to the Company's news release dated February 6, 2025 and management information circular dated October 2, 2024, available on SEDAR+ at www.sedarplus.ca.

About Datametrex

Datametrex is an innovative leader in Technology Solutions, Artificial Intelligence, Healthcare, and Mobile Gaming. The Company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.

For more on Datametrex, please visit our YouTube channel and Company website.

For Additional Information

Paul Haber, C.P.A., C.A., C. Dir
CEO & Chairman
info@datametrex.com
(416) 318-6501

Disclaimer

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release

Forward-Looking Statements

This press release may contain certain forward-looking information and statements ("forward-‎looking information") within the meaning of applicable Canadian securities legislation, that are not ‎based on historical fact, including without limitation statements containing the words "believes", ‎‎"anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" ‎and other similar expressions. Forward-looking information in this press release includes, but is not limited to, expectations regarding the Consolidation and the new ISIN of the Company being effective as of the expected effective date. Readers are cautioned to not place undue reliance on forward-‎looking information. Actual results and developments may differ materially from those ‎contemplated by these statements. The Company undertakes no obligation to comment analyses, ‎expectations or statements made by third-parties in respect of the Company, its securities, or ‎financial or operating results (as applicable). Although the Company believes that the expectations ‎reflected in forward-looking information in this press release are reasonable, such forward-looking ‎information has been based on expectations, factors and assumptions concerning future events ‎which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of ‎which are beyond the Company's control. The forward-looking information contained in this press release are expressly ‎qualified by this cautionary statement and are made as of the date hereof. The Company disclaims ‎any intention and has no obligation or responsibility, except as required by law, to update or revise ‎any forward-looking information, whether as a result of new information, future events or ‎otherwise.‎

SOURCE: DataMetrex AI Ltd.

View the original press release on ACCESS Newswire

FAQ

What is the consolidation ratio for Datametrex (DTMXF) shares in February 2025?

Datametrex (DTMXF) shares will be consolidated at a ratio of 30:1, meaning one post-consolidation share for every thirty pre-consolidation shares, effective February 19, 2025.

How many shares will Datametrex (DTMXF) have outstanding after the February 2025 consolidation?

After the consolidation, Datametrex (DTMXF) will have approximately 21,002,671 shares outstanding, subject to rounding for fractional shares.

When does the Datametrex (DTMXF) share consolidation take effect?

The Datametrex (DTMXF) share consolidation takes effect at the opening of trading on February 19, 2025.

What is the new ISIN number for Datametrex (DTMXF) after the consolidation?

The new ISIN number for Datametrex (DTMXF) post-consolidation shares is CA23809L2075.