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DXI Capital ( ($TSE:DXI.H) ) has provided an update.
DXI Capital Corp. has announced a consolidation of its common shares in preparation for a proposed reverse takeover by V.V.T. Med Ltd. and Exiteam Acquisition Corp. This consolidation, effective July 18, 2025, will reduce the number of shares and is part of a strategic move to facilitate the acquisition and subsequent name change to VVT Med Inc. The company is also engaging in concurrent financings through EAC and VVT to raise necessary capital, with proceeds held in escrow until the transaction’s completion.
More about DXI Capital
Technical Sentiment Signal: Buy
Current Market Cap: C$1.8M
Learn more about DXI.H stock on TipRanks’ Stock Analysis page.