TAAT(TM) Global Alternatives (CSE: TAAT) (OTCQX: TOBAF) (FRANKFURT: 2TP2) has announced a share consolidation; the company is planning on consolidating all issued and outstanding share capital, effective Oct. 3, 2023. According to the announcement, every 10 old common shares will be consolidated into one new common share. The company anticipates that following the share consolidation, its issued and outstanding common shares will total approximately 11,556,246. Elements of the consolidation include no fractional shares being issued and all fractions of common shares being rounded down to the next lowest whole number. Shares are expected to begin trading on a post-share consolidation basis on the Canadian Securities Exchange when markets open on Oct. 2, 2023. “Shareholders of record as at the record date will receive a letter of transmittal providing instructions for the exchange of their common shares as soon as practicable following the record date,” the company stated in the press release. “The company believes that the consolidation will make the company more attractive to financing opportunities, and will allow for the restructuring and settlement of certain existing liabilities.”
To view the full press release, visit https://ibn.fm/M2dL2
About TAAT Global Alternatives Inc.
TAAT is a vertically integrated consumer product and distribution company, generating more than C$90 million in overall gross revenue annually. TAAT is strategically expanding its product categories including tobacco and reduced-risk alternatives, hemp, kratom, and other emerging CPG segments. TAAT facilities include a processing plant in Nevada as well as a distribution center in Canton, Ohio, leveraging existing retail shelf space and pipelines into national wholesale channels. For more information, please visit www.TAATGlobal.com.
NOTE TO INVESTORS: The latest news and updates relating to TOBAF are available in the company’s newsroom at https://ibn.fm/TOBAF
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