Lifeist Wellness Inc (TSE:LFST) has released an update.
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Lifeist Wellness Inc., a health-tech company, announced a share consolidation of its common shares at a ratio of 1 post-consolidation share for every 20 pre-consolidation shares, pending regulatory approval. The company believes this move will improve its share structure, making it more appealing for business opportunities and equity financing. The consolidation, which won’t alter the company’s name or ticker symbol, was voted for by shareholders and will reduce the total number of shares from approximately 594 million to 29.7 million.
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