Business
GlobalBlock Announces Effective Date for Name Change and Share Consolidation
Calgary, Alberta--(Newsfile Corp. - October 22, 2025) - GlobalBlock Digital Asset Trading Limited...
About this update from Blok Digital Ltd.
[{"type":"text","content":"GlobalBlock Announces Effective Date for Name Change and Share ConsolidationCalgary, Alberta--(Newsfile Corp. - October 22, 2025) - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK.H) (OTC: BLVDF) (FSE: BD4) (the \"Company\") (the \"Company\") is pleased to announce that effective October 24, 2025 (the \"Effective Date\") the Company will implement its previously announced name change to \"BLOK Digital Ltd.\" (the \"Name Change\") and share consolidation on the basis of 4.8 pre-consolidation common shares for each one (1) post-consolidation common share (the \"Consolidation\"). The Company has received approval for the Name Change and Consolidation from the TSX Venture Exchange.Following the Name Change and Consolidation, the common shares of the Company are scheduled to begin trading on a post-consolidation basis at market open on Friday, October 24, 2025. The Company's stock symbol \"BLOK.H\" will not change. The new CUSIP number will be 055503106 and the new ISIN number will be CA0555031065. Following the Consolidation, the Company will have approximately 17,982,029 common shares issued and outstanding prior to rounding for fractional shares.No fractional shares will be issued as a result of the Consolidation. The number of post-Consolidation common shares issuable to a shareholder shall be rounded up in the event that said shareholder was entitled to a fractional share equivalent to one-half or more of a post-Consolidation common share and shall be rounded down in the event that said shareholder was entitled to a fractional share equivalent to less than one-half of a post-Consolidation common share, provided that no shareholder shall be entitled to more than one such rounding up.Registered shareholders holding share certificates of the Company will be mailed a letter of transmittal from the Company's transfer agent, Odyssey Trust Company, as soon as practicable after the Effective Date advising of the Name Change and Consolidation and instructing them to surrender and exchange their share certificates or Direct Registration System (DRS) statements evidencing their pre-consolidated common shares for new share certificates or new DRS statements representing the number of post-consolidated common shares to which they are entitled. A copy of the letter of transmittal will be posted on the Company's issuer profile on SEDAR+ ...