Scryb Announces Proposed Share Consolidation
Scryb (CSE: SCYB) has announced a proposed 10-for-1 share consolidation of its common shares. Following the consolidation, the company's outstanding shares will decrease from 323,187,472 to approximately 32,318,747 shares.
The consolidation process will not generate fractional shares, as any fractional amounts will be rounded down to the nearest whole share with no cash compensation. The company will maintain its current name and trading symbol on the Canadian Securities Exchange (CSE), pending regulatory approval.
Scryb (CSE: SCYB) ha annunciato una proposta consolidamento azionario 10-1 delle sue azioni ordinarie. Dopo la consolidazione, il numero di azioni in circolazione diminuirà da 323.187.472 a circa 32.318.747 azioni.
Il processo di consolidamento non genererà azioni frazionarie, poiché eventuali frazioni verranno arrotondate per difetto all'azione intera più vicina senza alcun compenso in denaro. L'azienda manterrà il nome attuale e il simbolo di negoziazione sulla Canadian Securities Exchange (CSE), in attesa dell'approvazione normativa.
Scryb (CSE: SCYB) ha anunciado una propuesta de consolidación de acciones 10 a 1 de sus acciones comunes. Tras la consolidación, las acciones en circulación de la compañía disminuirán de 323,187,472 a aproximadamente 32,318,747 acciones.
El proceso de consolidación no generará acciones fraccionarias, ya que cualquier cantidad fraccionaria se redondeará a la baja al número entero más cercano sin compensación en efectivo. La empresa mantendrá su nombre actual y símbolo de cotización en la Canadian Securities Exchange (CSE), pendiente de aprobación regulatoria.
Scryb (CSE: SCYB)는 보통주에 대해 10대 1 주식 병합을 제안했다고 발표했습니다. 병합 후 회사의 발행 주식 수는 323,187,472주에서 약 32,318,747주로 감소할 예정입니다.
병합 과정에서 소수 주식은 발생하지 않으며, 소수점 이하 주식은 현금 보상 없이 가장 가까운 정수 주식으로 내림 처리됩니다. 회사는 규제 승인 대기 중에 캐나다 증권 거래소(CSE)에서 현재 이름과 거래 기호를 유지할 것입니다.
Scryb (CSE : SCYB) a annoncé une proposition de regroupement d'actions au ratio de 10 pour 1 de ses actions ordinaires. Après le regroupement, le nombre d'actions en circulation passera de 323 187 472 à environ 32 318 747 actions.
Le processus de regroupement ne générera pas d'actions fractionnaires, car toute fraction sera arrondie à l'action entière inférieure la plus proche, sans compensation en espèces. La société conservera son nom actuel et son symbole de négociation à la Bourse canadienne des valeurs mobilières (CSE), sous réserve de l'approbation réglementaire.
Scryb (CSE: SCYB) hat eine vorgeschlagene Aktienzusammenlegung im Verhältnis 10 zu 1 seiner Stammaktien angekündigt. Nach der Zusammenlegung wird die Anzahl der ausstehenden Aktien von 323.187.472 auf etwa 32.318.747 Aktien reduziert.
Durch den Konsolidierungsprozess entstehen keine Bruchstücke von Aktien, da etwaige Bruchteile auf die nächstniedrigere ganze Aktie abgerundet werden, ohne Barausgleich. Das Unternehmen behält seinen aktuellen Namen und sein Handelssymbol an der Canadian Securities Exchange (CSE) bei, vorbehaltlich der behördlichen Genehmigung.
- Share consolidation could improve stock marketability and institutional investor appeal
- Potential to meet minimum share price requirements for certain exchanges or institutional investors
- No cash compensation for fractional shares
- Share consolidation does not inherently change company value
Toronto, Ontario--(Newsfile Corp. - July 25, 2025) - Scryb Inc. (CSE: SCYB) ("Scryb" or the "Company") announces a proposed consolidation of the common shares of the Company (the "Common Shares") on the basis of ten (10) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the "Consolidation").
The Company currently has 323,187,472 Common Shares issued and outstanding, and following the Consolidation, will have approximately 32,318,747 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.
The Company will issue a subsequent news release following its filing of all necessary documentation with the Canadian Securities Exchange ("CSE") in respect of the proposed Consolidation to announce the effective date of the Consolidation, the new CUSIP and ISIN for the post-Consolidation Common Shares, and any other relevant details. 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.
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 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. Additional risk disclosures are available in the Company's filings on https://www.sedarplus.ca/.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260037
FAQ
What is the ratio of Scryb's proposed share consolidation in 2025?
How many shares will Scryb have outstanding after the consolidation?
Will Scryb shareholders receive cash for fractional shares?
Will Scryb's trading symbol change after the share consolidation?
When will Scryb's share consolidation take effect?
