Business
Purebread Brands Inc. Announces Effective Date of Consolidation
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Purebread Brands Inc. (TSXV: BRED...
About this update from Purebread Brands Inc.
[{"type":"text","content":"Purebread Brands Inc. Announces Effective Date of ConsolidationVancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Purebread Brands Inc. (TSXV: BRED) (\"Purebread\" or the \"Company\") is pleased to announce that, further to the Company's press release on March 13, 2025, the Company is proceeding with a consolidation of its issued and outstanding share capital on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares (the \"Consolidation\"). No fractional shares will be issued as any fractional share will be rounded to the nearest whole number. The new CUSIP number will be 74624T206 and the new ISIN number will be CA74624T2065. The Company's name and stock symbol will remain unchanged following the Consolidation.The Consolidation remains subject to final confirmation by the TSX Venture Exchange. The Consolidation will be made effective at the opening of markets on April 8, 2025. There are currently 115,830,277 common shares outstanding (the \"Common Shares\") and it is anticipated that following the Consolidation, there will be approximately 23,166,055 Common Shares outstanding.Shareholders who hold their Common Shares through a securities broker or other intermediary and do not have Common Shares registered in their name will not be required to take any action with respect to the Consolidation. Letters of transmittal with respect to the Consolidation will be mailed shortly to all registered shareholders of the Company. All registered shareholders who submit a duly completed letter of transmittal along with their respective share certificate(s) representing the pre-consolidation Common Shares to the Company's transfer agent, Computershare Investor Services, will receive a certificate representing the post-consolidation Common Shares.About Purebread Brands Inc.:Purebread Brands Inc. is a leader in fast-casual cafe / bakeries in British Columbia, driving retail expansion in vibrant communities across Canada and beyond. Purebread is committed to crafting exceptional food experiences and making a positive impact on the communities it serves.For more information and updated investor presentation, please visit www.purebreadbrands.com or contact:Amrit Maharaj, Interim Chief Executive OfficerPurebread Brands [email protected] Neither the TSX Venture Exchange nor its Regula...