Business
DeepMarkit Announces Share Consolidation
(TheNewswire) Calgary, Canada - TheNewswire –...
About this update from Prospect Prediction Markets Inc.
[{"type":"text","content":"DeepMarkit Announces Share Consolidation \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Calgary, Canada -\n \n \n \n \n TheNewswire\n \n \n \n \n –\nApril 14, 2021 –\n \n \n \n \n DeepMarkit Corp.\n \n \n \n \n ,\n(\"\n \n \n \n \n DeepMarkit\n \n \n \n \n \" or the\n\"\n \n \n \n \n Company\n \n \n \n \n \") (\n \n \n \n \n TSXV:MKT)\n \n \n \n \n (OTC:MKTDF)\n \n \n \n \n is pleased to\n \n \n \n announce that it has completed the previously announced\nconsolidation of its Common Shares on the basis of one (1)\npost-consolidation Common Share for every five (5) pre-consolidation\nCommon Shares (the \"\n \n \n Consolidation\n \n \n \").  The Consolidation was\napproved by special resolution of the Company's shareholders on March\n1, 2021.  No name change was completed or will be completed in\nconnection with the Consolidation.\n \n \n \n \n The Consolidation will take effect on April 16, 2021\nand the Common Shares are expected to commence trading on the TSX\nVenture Exchange on a post-consolidation basis beginning at the open\nof markets on April 16, 2021.  Immediately prior to the consolidation\nthere were 17,745,967 Common Shares outstanding, and it is expected\nthat there will be 3,549,193 Common Shares issued and outstanding\nfollowing the Consolidation, subject to rounding for any fractional\nshares. No fractional shares will be issued as a result of the\nConsolidation and the number of post-consolidation shares to be\nreceived by a shareholder will be rounded up, in the case of a\nfractional interest that is 0.5 or greater, or rounded down, in the\ncase of a fractional interest that is less than 0.5, to the nearest\nwhole number of shares that such holder would otherwise be entitled to\nreceive upon the implementation of the Consolidation.\n \n \n \n \n Registered shareholders holding share certificates will\nbe mailed a letter of transmittal advising of the Consolidation and\ninstructing them to surrender their share certificates representing\npre-consolidation shares for a direct registration advice (DRS)\nrepresenting their post-consolidation shares. Until surrendered for\nexchange, following the effective date of the Consolidation, which\nwill be April 16, 2021, each share certificate formerly representing\npre-consolidation shares will be deemed to represent the nu...