Avant Brands Announces 30:1 Share Consolidation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
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Should l Buy ?
Source: accesswire
Share Consolidation Announcement: Avant Brands Inc. will consolidate its common shares at a ratio of 30 existing shares for 1 new share, effective August 30, 2024, reducing the total from approximately 316 million to about 10.5 million shares outstanding.
Impact on Shareholders and Securities: No fractional shares will be issued; shareholders will receive instructions for exchanging their shares, and adjustments will be made to outstanding warrants and options in line with the consolidation.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
