General Assembly Holdings Ltd Class A (TSE:GA) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
For further insights into TSE:GA stock, check out TipRanks’ Stock Analysis page.