Welcome to our dedicated page for RDARS news (Ticker: RDRSF), a resource for investors and traders seeking the latest updates and insights on RDARS stock.
RDARS Inc. (CSE: RDRS) (OTCQB: RDRSF) is a pioneer in autonomous security systems, combining AI-powered drones with advanced robotics for enhanced surveillance solutions. This news hub provides investors and industry professionals with essential updates on regulatory developments, product innovations, and strategic initiatives driving the future of automated security technology.
Access timely information about RDARS' certified drone platforms, including the Transport Canada/FAA-approved Eagle Eye V3 system, and track advancements in Beyond Visual Line of Sight (BVLOS) operations. Our curated news collection covers operational milestones, technology partnerships, and compliance achievements that demonstrate RDARS' leadership in AI-driven security solutions.
Key updates include certification announcements, robotic system enhancements, financial disclosures, and enterprise deployment progress. Bookmark this page for verified updates on RDARS' unique position at the intersection of drone technology, artificial intelligence, and physical security infrastructure.
RDARS Inc. (CSE: RDRS), an autonomous robotics and drone technology company, has announced its intention to consolidate its share capital on a twenty-for-one basis. The Share Consolidation was approved by shareholders on May 31, 2023, and will take effect on June 6, 2023, when trading resumes on the Canadian Securities Exchange (CSE).
The consolidation will reduce the number of outstanding common shares from 354,425,745 to approximately 17,721,287. Registered shareholders will receive instructions on exchanging their pre-consolidation shares for post-consolidation shares. The exercise price and number of shares issuable under outstanding warrants and stock options will be adjusted proportionately.
The Share Consolidation remains subject to CSE approval, and the company will provide further details as they become available.
RDARS Inc. (CSE: RDRS) (OTCQB: RDRSF), an autonomous robotics and drone technology company, has announced the closing of a non-brokered private placement of unsecured convertible debentures. The financing raised aggregate proceeds of $513,520 for the company. The debentures carry a principal amount of $641,900, including an original issuance discount, and will mature on May 4, 2024. They do not bear interest and can be converted into common shares at a deemed price of $0.15 per post-Consolidation share.
RDARS plans to use the proceeds for debt repayment and general working capital. The company also intends to consolidate its common shares on a 10:1 basis, subject to shareholder approval at a meeting scheduled for May 31, 2023. All securities issued in the financing are subject to a four-month plus one day statutory hold period.
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