TUT Fitness Group Inc (TSE:GYM) has released an update.
TUT Fitness Group Inc. has announced a share consolidation, exchanging ten old shares for one new share, effective around May 8, 2024, pending TSX Venture Exchange approval. The consolidation will significantly reduce the number of issued and outstanding common shares from over 36 million to approximately 3.66 million. Shareholders will not receive fractional shares; instead, these will be rounded down or up to the nearest whole number.
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