Scryb Announces Effective Date of Proposed Share Consolidation
Scryb (CSE: SCYB, OTC: SCYRF) has announced a 1-for-10 share consolidation effective August 13, 2025. The company's outstanding shares will be reduced from 323,187,472 to approximately 32,318,731 shares.
The consolidation will take effect at market open on the Canadian Securities Exchange, with the company maintaining its current name and trading symbol. No fractional shares will be issued, and any fractional shares will be rounded down. Shareholders of record as of August 12, 2025, will receive instructions from TSX Trust regarding the exchange of share certificates.
Scryb (CSE: SCYB, OTC: SCYRF) ha annunciato una consolidazione azionaria 1-per-10 che entrerà in vigore il 13 agosto 2025. Le azioni in circolazione saranno ridotte da 323.187.472 a circa 32.318.731.
La consolidazione avrà effetto all'apertura del mercato sulla Canadian Securities Exchange, con la società che manterrà il nome e il simbolo di negoziazione attuali. Non saranno emesse azioni frazionarie e eventuali frazioni saranno arrotondate per difetto. Gli azionisti registrati al 12 agosto 2025 riceveranno istruzioni da TSX Trust riguardo lo scambio dei certificati azionari.
Scryb (CSE: SCYB, OTC: SCYRF) ha anunciado una consolidación de acciones 1 por 10 que entrará en vigor el 13 de agosto de 2025. Las acciones en circulación se reducirán de 323,187,472 a aproximadamente 32,318,731.
La consolidación se hará efectiva al inicio de la sesión en la Canadian Securities Exchange, manteniendo la empresa su nombre y símbolo de cotización actuales. No se emitirán acciones fraccionarias y cualquier fracción será redondeada hacia abajo. Los accionistas registrados al 12 de agosto de 2025 recibirán instrucciones de TSX Trust sobre el intercambio de certificados de acciones.
Scryb (CSE: SCYB, OTC: SCYRF)는 1대 10 주식 병합을 2025년 8월 13일부터 시행한다고 발표했습니다. 회사의 발행 주식 수는 323,187,472주에서 약 32,318,731주로 줄어듭니다.
병합은 캐나다 증권거래소 시장 개장 시점에 발효되며, 회사는 현재의 이름과 거래 심볼을 유지합니다. 소수 주식은 발행되지 않으며, 발생하는 소수 주식은 내림 처리됩니다. 2025년 8월 12일 기준 주주 명부에 등재된 주주들은 TSX Trust로부터 주식 증서 교환에 관한 안내를 받게 됩니다.
Scryb (CSE : SCYB, OTC : SCYRF) a annoncé une consolidation d'actions au ratio de 1 pour 10 effective à partir du 13 août 2025. Le nombre d'actions en circulation sera réduit de 323 187 472 à environ 32 318 731.
La consolidation prendra effet à l'ouverture du marché sur la Canadian Securities Exchange, la société conservant son nom et son symbole de négociation actuels. Aucune action fractionnaire ne sera émise et les fractions d'actions seront arrondies à la baisse. Les actionnaires inscrits au registre au 12 août 2025 recevront des instructions de TSX Trust concernant l'échange des certificats d'actions.
Scryb (CSE: SCYB, OTC: SCYRF) hat eine Aktienzusammenlegung im Verhältnis 1 zu 10 angekündigt, die am 13. August 2025 wirksam wird. Die ausstehenden Aktien werden von 323.187.472 auf etwa 32.318.731 reduziert.
Die Zusammenlegung tritt zu Handelsbeginn an der Canadian Securities Exchange in Kraft, wobei das Unternehmen seinen aktuellen Namen und Handelssymbol beibehält. Bruchteile von Aktien werden nicht ausgegeben, sondern abgerundet. Aktionäre, die am 12. August 2025 im Register stehen, erhalten von TSX Trust Anweisungen zum Umtausch der Aktienzertifikate.
- None.
- Share consolidation could indicate previous share price weakness
- No cash consideration provided for fractional shares
Toronto, Ontario--(Newsfile Corp. - August 7, 2025) - Scryb Inc. (CSE: SCYB) (OTC Pink: SCYRF) ("Scryb'' or the "Company"), is pleased to announce that further to its news release dated July 25, 2025, the Company will proceed with the consolidation of its issued and outstanding common shares (the "Common Shares") on the basis of one (1) new Common Share for every ten (10) old Common Shares (the "Consolidation"), effective as of August 13, 2025. The Consolidation will become effective on the Canadian Securities Exchange (the "CSE") at the opening of the market on August 13, 2025.
The post-Consolidation Common Shares will continue to trade on the CSE under the Company's existing name and trading symbol. The Consolidation is subject to the approval of the CSE. The new CUSIP and ISIN of the Company will be 81111V206 and CA81111V2066, respectively.
The Company currently has 323,187,472 Common Shares issued and outstanding, and following the Consolidation, will have approximately 32,318,731 Common Shares issued and outstanding, prior to rounding of fractional Common Shares. No fractional Common Shares will be issued as a result of the proposed Consolidation. Any fractional Common Shares resulting from the proposed Consolidation will be rounded down to the nearest whole number of Common Shares, and no cash consideration will be paid in respect of fractional Common Shares rounded down to the nearest whole Common Share.
TSX Trust Company ("TSX Trust"), the Company's registrar and transfer agent, will mail out a Letter of Transmittal to the shareholders of record at the close of business on August 12, 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 TSX Trust in accordance with the instructions in the Letter of Transmittal.
About Scryb Inc.
Scryb invests in and actively supports a growing portfolio of innovative and high-upside ventures across AI, biotech, digital health, and cybersecurity.
Contact:
James Van Staveren, CEO
Phone: 647-847-5543
Email: info@scryb.ai
Forward-looking Information Cautionary Statement
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
In particular, this press release contains forward-looking information relating to, among other things, the proposed Consolidation, including the record date, effective date and ratio thereof. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, included in this press release, the assumption that the Canadian Securities Exchange will not object to the proposed Consolidation and that the Consolidation will be completed as currently anticipated. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, that the Canadian Securities Exchange may object to the proposed Consolidation and use its discretion to prohibit the proposed Consolidation; that the Consolidation may not be completed by the Company; and that the board of directors of the Company retains discretion over the terms and implementation of the Consolidation. The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this press release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261783
FAQ
When will Scryb's (SCYRF) 1-for-10 share consolidation take effect?
How many shares will Scryb (SCYRF) have outstanding after the consolidation?
What happens to fractional shares in Scryb's (SCYRF) consolidation?
How can Scryb (SCYRF) shareholders exchange their pre-consolidation shares?
Will Scryb's (SCYRF) trading symbol change after the consolidation?
