FendX Provides Corporate Update
FendX Technologies (OTCQB: FDXTF), a surface protection technology company, has announced a 10-for-1 share consolidation effective August 18, 2025. The consolidation will reduce the company's outstanding shares from 90,019,646 to approximately 9,001,965 shares.
The company's board approved this consolidation to optimize its share structure, potentially attract additional financing, and position FendX for growth. The stock will continue trading under the symbol "FNDX" with new CUSIP and ISIN numbers. Endeavor Trust Corporation will handle the administrative process of exchanging pre-consolidation shares for post-consolidation certificates.
FendX Technologies (OTCQB: FDXTF), un'azienda specializzata in tecnologie per la protezione delle superfici, ha annunciato un raggruppamento azionario 10-for-1 con efficacia dal 18 agosto 2025. Il raggruppamento ridurrà le azioni in circolazione da 90,019,646 a circa 9,001,965 azioni.
Il consiglio di amministrazione ha approvato questa operazione per ottimizzare la struttura azionaria, potenzialmente attrarre finanziamenti aggiuntivi e posizionare FendX per la crescita. Il titolo continuerà a essere negoziato con il simbolo "FNDX" e avrà nuovi numeri CUSIP e ISIN. Endeavor Trust Corporation gestirà la procedura amministrativa di scambio dei certificati azionari pre-raggruppamento con quelli post-raggruppamento.
FendX Technologies (OTCQB: FDXTF), empresa de tecnologías de protección de superficies, anunció una consolidación de acciones 10 a 1 con vigencia el 18 de agosto de 2025. La consolidación reducirá las acciones en circulación de 90,019,646 a aproximadamente 9,001,965.
La junta directiva aprobó esta consolidación para optimizar la estructura de capital, atraer potencialmente financiación adicional y posicionar a FendX para el crecimiento. Las acciones seguirán cotizando bajo el símbolo "FNDX" y contarán con nuevos números CUSIP e ISIN. Endeavor Trust Corporation se encargará del proceso administrativo de intercambio de los certificados previos por los posteriores a la consolidación.
FendX Technologies (OTCQB: FDXTF)는 표면 보호 기술 회사로, 10대1 주식 병합을 2025년 8월 18일부로 시행한다고 발표했습니다. 이번 병합으로 발행 주식 수는 90,019,646주에서 약 9,001,965주로 줄어듭니다.
이사회는 주식 구조를 최적화하고 추가 자금 유치 가능성을 높이며 FendX의 성장을 준비하기 위해 이 병합을 승인했습니다. 주식은 계속해서 종목 코드 "FNDX"로 거래되며 새로운 CUSIP 및 ISIN 번호가 부여됩니다. Endeavor Trust Corporation이 병합 전 주식을 병합 후 증서로 교환하는 행정 절차를 처리합니다.
FendX Technologies (OTCQB: FDXTF), société spécialisée dans les technologies de protection des surfaces, a annoncé un regroupement d'actions 10-pour-1 prenant effet le 18 août 2025. Ce regroupement réduira le nombre d'actions en circulation de 90,019,646 à environ 9,001,965.
Le conseil d'administration a approuvé ce regroupement afin d'optimiser la structure du capital, d'attirer éventuellement des financements supplémentaires et de positionner FendX pour la croissance. L'action continuera d'être cotée sous le symbole "FNDX" et se verra attribuer de nouveaux numéros CUSIP et ISIN. Endeavor Trust Corporation prendra en charge la procédure administrative d'échange des certificats avant regroupement contre ceux après regroupement.
FendX Technologies (OTCQB: FDXTF), ein Unternehmen für Oberflächenschutztechnologien, hat eine Aktienzusammenlegung im Verhältnis 10:1 mit Wirkung zum 18. August 2025 angekündigt. Durch die Zusammenlegung verringert sich die Anzahl der ausstehenden Aktien von 90,019,646 auf etwa 9,001,965.
Der Verwaltungsrat hat diese Zusammenlegung genehmigt, um die Aktienstruktur zu optimieren, möglicherweise zusätzliche Finanzmittel anzuziehen und FendX für Wachstum zu positionieren. Die Aktie wird weiterhin unter dem Symbol "FNDX" gehandelt und erhält neue CUSIP- und ISIN-Nummern. Die Endeavor Trust Corporation übernimmt die administrative Abwicklung des Umtauschs der Vor-Zusammenlegung-Aktienzertifikate in die Nach-Zusammenlegung-Zertifikate.
- Share consolidation may enhance ability to attract new financing
- Potential for improved share structure optimization
- Automatic upward adjustment of share price could increase visibility to investors
- Share consolidation does not directly add fundamental value
- No guarantee of attracting additional financing post-consolidation
- Transaction costs and administrative burden for shareholders to exchange certificates
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2025) - FendX Technologies Inc. (CSE: FNDX) (OTCQB: FDXTF) (FSE: E8D) (the "Company" or "FendX"), an innovative surface protection company using their technology to develop product solutions to reduce the spread of harmful pathogens and support a cleaner, safer world, announces that it intends to consolidate the common shares of the Company (each, a "Share") on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation").
To optimize the share structure of the Company, the board of directors has approved the Consolidation on the basis that it may attract additional financing and position the Company for growth and shareholder value increase.
The Consolidation will become effective at the opening of the market on August 18, 2025. The symbol "FNDX" will remain the same. The new CUSIP number will be 314460205 and its new ISIN number will be CA3144602057 for the post-Consolidation Shares. Currently, a total of 90,019,646 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 9,001,965 Shares, subject to adjustments for rounding, will be issued and outstanding. Where the exchange results in a fractional share, the number of Shares will be rounded up to the nearest whole Share. The exercise or conversion price and/or the number of Shares issuable with respect to any of the Company's outstanding convertible securities will be proportionately adjusted in connection with the Consolidation. There is no maximum number of authorized Shares.
Endeavor Trust Corporation will mail out a Letter of Transmittal to the shareholders of record on August 18, 2025 providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their Letter of Transmittal, to Endeavor Trust Corporation in accordance with the instructions in the Letter of Transmittal. The board of directors is proceeding with the Consolidation on the basis that it may provide the Company with increased flexibility to seek additional financing opportunities. The Consolidation remains subject to the policies of the Canadian Securities Exchange.
About FendX Technologies Inc.
FendX is a surface protection company leveraging its proprietary technology to develop product solutions that help reduce the spread of harmful pathogens in everyday environments. The Company is advancing an eco-friendly, smart sponge designed to deliver effective cleaning while minimizing environmental impact. This innovative product complements FendX's broader pipeline, which includes REPELWRAP™ film, a protective surface coating with repelling properties that significantly reduce adhesion and transmission of pathogens on high-touch surfaces, and a spray-based coating with similar functionality. Additionally, the Company is developing specialized catheter coatings, with its first coating being for Foley catheters. The Company holds an exclusive supply agreement for the eco-sponge and an exclusive license to certain intellectual property related to the use of the sponge, as well as exclusive worldwide licenses and intellectual property for its coating technologies.
ON BEHALF OF THE COMPANY
"Carolyn Myers"
Carolyn Myers
Chief Executive Officer and Director
Contacts:
Investor Relations
1-800-344-9868
investor@fendxtech.com
For more information, please visit https://fendxtech.com/ and the Company's profile on SEDAR+ at www.sedarplus.ca.
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. Forward-looking statements in this news release include statements with respect to the Consolidation and the anticipated effective date of the same. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262274
FAQ
What is the ratio of FendX Technologies (FDXTF) share consolidation announced for August 2025?
How many shares will FDXTF have outstanding after the August 2025 consolidation?
When will FendX Technologies' share consolidation become effective?
Will FendX's stock symbol change after the consolidation?
How will the share consolidation affect FendX's convertible securities?
