Smooth Rock Announces Share Consolidation

Rhea-AI Summary

Smooth Rock Ventures (OTC: SMRVF) announced a 2-for-1 share consolidation, effective market open on December 8, 2025. The company will reduce issued and outstanding common shares from 24,674,794 to an expected 12,337,398 (subject to rounding). No fractional shares will be issued: fractions under 1/2 will be cancelled and fractions at least 1/2 will be rounded up, with no cash paid for cancelled fractions.

The trading name and symbol remain the same; new CUSIP is 83268K306 and new ISIN is CA83268K3064. Registered shareholders will receive updated DRS statements; broker-held shares require no action.

Positive

• Share consolidation of 2-for-1 effective Dec 8, 2025
• Outstanding common shares reduced from 24,674,794 to 12,337,398
• Trading name and symbol remain unchanged (SMRVF)
• Broker-held common shares consolidated automatically with no action required

Negative

• Fractional shares under 1/2 will be cancelled with no cash paid
• Share rounding may change individual holdings due to rounding rules

News Market Reaction – SMRVF

+7.14%

1 alert

+7.14% News Effect

On the day this news was published, SMRVF gained 7.14%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Share consolidation ratio: 2 for 1 Pre-consolidation shares: 24,674,794 shares Post-consolidation shares: 12,337,398 shares +4 more

7 metrics

Share consolidation ratio 2 for 1 Common share consolidation basis

Pre-consolidation shares 24,674,794 shares Issued and outstanding before consolidation

Post-consolidation shares 12,337,398 shares Expected issued and outstanding after consolidation, subject to rounding

Effective date December 8, 2025 TSXV trading on post-consolidation basis

New CUSIP 83268K306 CUSIP number for post-consolidation common shares

New ISIN CA83268K3064 ISIN for post-consolidation common shares

Fractional share threshold 1/2 share Less than one-half cancelled; at least one-half rounded up

Market Reality Check

Price: $0.2500 Vol: Volume 0 compares to a 20...

normal vol

$0.2500 Last Close

Volume Volume 0 compares to a 20-day average of 9,064 shares traded. normal

Market Pulse Summary

The stock moved +7.1% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +7.1% in the session following this news. A strong positive reaction aligns with the structural impact of a 2-for-1 share consolidation that reduced outstanding shares from 24,674,794 to an expected 12,337,398. Such moves can alter trading dynamics and perceived scarcity. Investors would have needed to watch how the new CUSIP 83268K306 and ISIN CA83268K3064 affected liquidity and whether post-consolidation trading volumes stayed near or above the 20-day average of 9,064 shares.

Key Terms

share consolidation, cusip, isin, direct registration system

4 terms

share consolidation financial

"announces a consolidation of its common shares on a two (2) for one (1) basis"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

cusip technical

"the new CUSIP number of the Company's common shares will be 83268K306"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

isin technical

"the new ISIN will be CA83268K3064"

A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.

direct registration system financial

"Registered shareholders holding Direct Registration System ("DRS") statements will receive new DRS statements"

A direct registration system allows investors to register their ownership of securities directly with the issuing company or its transfer agent, rather than holding shares through a broker or intermediary. This setup gives investors more control over their holdings and simplifies the process of buying or selling shares. It is important because it can reduce costs, increase transparency, and provide a clearer record of ownership.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Smooth Rock Ventures Corp. (TSXV: SMRV) (OTC Pink: SMRVF) ("Smooth Rock" or the "Company") announces a consolidation of its common shares on a two (2) for one (1) basis (the "Share Consolidation").

The TSX Venture Exchange ("TSXV") has accepted the Share Consolidation and the Company's common shares will commence trading, effective market open on December 8, 2025 (the "Effective Date"), on the TSXV on a post-Share Consolidation. The Company currently has 24,674,794 common shares issued and outstanding. Following the Share Consolidation, the Company expects to have 12,337,398 common shares, subject to rounding, issued and outstanding. No fractional common shares will be issued pursuant to the Share Consolidation. Each fractional common share that is less than one-half (1/2) of a common share will be cancelled and each fractional common share that is at least one-half (1/2) of a common share will be rounded up to the nearest whole common share and no cash consideration will be paid in respect of cancelled fractional common shares. The name of the Company and trading symbol will remain the same after the Share Consolidation.

On the Effective Date, the new CUSIP number of the Company's common shares will be 83268K306 and the new ISIN will be CA83268K3064. Registered shareholders holding Direct Registration System ("DRS") statements will receive new DRS statements representing post-Share Consolidation common shares directly from the transfer agent of the Company and the Company will communicate directly with registered shareholders holding share certificates to explain the process for exchange. Common Shares held by shareholders through brokerage accounts will also be consolidated with no action required by such shareholders.

Pursuant to the provisions of the Business Corporations Act (British Columbia) and the Articles of the Company, the Share Consolidation was approved by way of resolutions passed by the board of directors of the Company.

FOR MORE INFORMATION PLEASE CONTACT:

Christos Doulis, CEO & Director
Tel: 647 924-1083
Email: info@smoothrockventures.com
Website: www.smoothrockventures.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276637

FAQ

What does the Smooth Rock (SMRVF) 2-for-1 share consolidation mean for my shares?

Each two pre-consolidation common shares will be converted into one post-consolidation share; total outstanding shares will be reduced accordingly.

When will Smooth Rock (SMRVF) shares trade on a post-consolidation basis?

Post-consolidation trading will commence at market open on December 8, 2025 on the TSXV.

Will Smooth Rock (SMRVF) change its trading symbol or company name after the consolidation?

No; the company name and trading symbol will remain the same after the share consolidation.

What happens to fractional Smooth Rock (SMRVF) shares after the consolidation?

Fractions less than 1/2 will be cancelled with no cash paid; fractions ≥1/2 will be rounded up to a whole share.

Do Smooth Rock (SMRVF) shareholders holding shares through a broker need to act for the consolidation?

No action is required for shares held through brokerage accounts; the broker will process the consolidation automatically.

Will Smooth Rock (SMRVF) issue new CUSIP or ISIN numbers after the consolidation?

Yes; the new CUSIP will be 83268K306 and the new ISIN will be CA83268K3064.