Business
Alset AI Announces Effective Date of 10-for-1 Share Consolidation
VANCOUVER, BC / ACCESS Newswire / April 28, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTCQB:G...
About this update from Alset Ai Ventures Inc
[{"type":"text","content":"Alset AI Announces Effective Date of 10-for-1 Share ConsolidationVANCOUVER, BC / ACCESS Newswire / April 28, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTCQB:GPUSF)(FSE:1R60, WKN: A40M0J) (\"Alset AI\" or the \"Company\"), an artificial intelligence (\"AI\") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that further to its news release dated March 30, 2026, the Company will consolidate its issued and outstanding common shares (the \"Consolidation\") on the basis of ten (10) pre-consolidation common shares for one (1) post-consolidation common share, effective as of Friday, May 1, 2026 (the \"Effective Date\").As of the Effective Date, the number of issued and outstanding common shares will be 17,637,739 shares. No fractional shares will be issued. Fractions less than one-half (½) will be rounded down, and fractions equal to or greater than one-half (½) will be rounded up.The new CUSIP and ISIN numbers of the Company's shares are 021155205 and CA0211552058, respectively.Endeavor Trust Corporation (\"Endeavor\") will mail out a Letter of Transmittal to the shareholders of the Company providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their Letter of Transmittal, to Endeavor in accordance with the instructions in the Letter of Transmittal.The Company's name and trading symbols will remain unchanged. All outstanding warrants, stock options, and convertible securities will be adjusted in accordance with their terms in connection with the Consolidation.About Alset AI Ventures Inc.Alset AI is an AI-focused venture investment platform dedicated to sourcing, funding, and developing companies across the artificial intelligence value chain. The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies.For further information about Alset AI Ventures Inc., please contact:Investor RelationsAdam IngraoChief Executive OfficerT: 236.312.6744E: [email protected] the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.Cauti...