tiprankstipranks

KWESST Shareholders Approve Share Consolidation to Meet Nasdaq Requirements

Story Highlights
KWESST Shareholders Approve Share Consolidation to Meet Nasdaq Requirements

KWESST Micro Systems ( (TSE:KWE) ) has provided an update.

KWESST Micro Systems Inc. announced the approval of a Consolidation Resolution by its shareholders, allowing the company to consolidate its common shares to comply with Nasdaq’s minimum bid price requirement. This move is expected to help maintain the company’s listing status and ensure regulatory compliance, with the board set to finalize the share ratio and timing for implementation.

More about KWESST Micro Systems

KWESST Micro Systems Inc. develops and commercializes next-generation tactical systems for military and security forces. Their offerings include real-time situational awareness and targeting information systems, countermeasures against electronic threats, and a non-lethal product line branded PARA OPSTM. The company is headquartered in Ottawa, Canada, with offices in London, UK, and Abu Dhabi, UAE.

YTD Price Performance: -64.74%

Average Trading Volume: 5,875,958

Technical Sentiment Signal: Buy

Current Market Cap: $2.84M

For a thorough assessment of KWE stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App