Canada NewsWire
VANCOUVER, BC, Oct. 23, 2026 /CNW/ -- Hydaway Digital Corp. (TSXV: HIDE) (OTCQB: HIDDF) (FSE: C88) ("Hydaway" or the "Company") announces that it intends to consolidate its issued and outstanding common shares at a ratio of seven (7) pre-consolidated common shares to one (1) post-consolidated common share (the "Consolidation"), and to change its name to "Quantex Digital Corp." (the "Name Change").
The purpose of the Consolidation is to improve the capital structure and generate greater investor interest. The Company currently has 37,482,261 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have 5,354,609 common shares issued and outstanding. Fractional shares will be rounded to the nearest whole number.
In accordance with the Articles of the Company, the Name Change and Consolidation do not require the approval of the shareholders. Upon completion of the Name Change and Consolidation, a letter of transmittal will be sent by mail to registered shareholders advising that the Consolidation has taken effect. The letter of transmittal will contain instructions on how registered shareholders can exchange their share certificates and/or DRS statements evidencing their pre-Consolidation common shares for new share certificates and/or new DRS statements representing the number of post- Consolidation common shares to which they are entitled. No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary) to effect the Consolidation. Until surrendered, each certificate representing the pre-consolidation common shares will be deemed for all purpose to represent the number of common shares to which the holder is entitled as a result of the Consolidation.
The Consolidation and the Name Change are subject to the acceptance of the TSX Venture Exchange. Upon acceptance of the TSX Venture Exchange, the Company will issue a further news release announcing the effective date of the Name Change and Consolidation as well as the new stock symbol of the Company.
About Hydaway
The Company is a North Vancouver-based AI infrastructure and compute services company. The Company operates a GPU rental platform providing bare-metal compute capacity for AI training, inference, and high-performance workloads. Through its wholly-owned subsidiary, 100098940 Ontario Inc. (RealityChek), Hydaway also offers a multi-modal AI detection and content verification platform. Hydaway is focused on expanding access to scalable, cost-effective compute power and building the infrastructure to support the next generation of AI applications. Please visit the Company's website at www.hydawaydigital.com.
Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements", including statements regarding the availability, functionality and adoption of the RealityChek connectors and the development and anticipated launch timing of a RealityChek mobile application. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "would", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, including risks related to software development timelines, third-party platform requirements and app store approval processes. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile on SEDAR+ at www.sedarplus.ca.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Hydaway Digital Corp.
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