General Assembly Holdings Ltd Class A (TSE:GA) has released an update.
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General Assembly Holdings Ltd Class A has announced a share consolidation process, with a 50-to-1 conversion rate, set to take effect on May 29, 2024. This move comes in preparation for a reverse take-over by CANPR Technology Inc. Shareholders will experience a significant reduction in the number of issued and outstanding shares, but their proportional ownership and voting power within the company will remain largely unchanged, barring minor adjustments for fractional shares.
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