Valdor Clarifies Effective Date Of Share Consolidation

About this update from Valdor Technology International Inc

Valdor Clarifies Effective Date Of Share Consolidation (TheNewswire)   Vancouver, B.C. – May 22, 2026 – TheNewswire - Valdor Technology International Inc. (“Valdor” or the “Company”) (CSE: VTI), a provider of advanced fiber optic components, wishes to clarify the timing of its previously announced consolidation of its issued and outstanding common shares (the “Shares”) on the basis of one (1) new common share for every one hundred (100) existing common shares (the “Consolidation”).   Due to an administrative error, the Company’s news release dated May 21, 2026 (the “Original Release”) incorrectly stated that the record date and commencement of trading of the post-consolidation Shares were set for May 22, 2026. The Company wishes to clarify that the correct record date for the Consolidation is May 27, 2026, with trading of the post-consolidation Shares expected to begin on or about May 27, 2026.   As previously announced, the Consolidation received shareholder approval at the Company’s annual general and special meeting held on May 13, 2026, and was subsequently approved by the Board of Directors on May 14, 2026. Following the Consolidation, the Company’s name and ticker symbol will remain unchanged, while its new CUSIP and ISIN numbers will be 919067306 and CA9190673066, respectively.   The Company believes the Consolidation will help position Valdor to appeal to a broader base of investors and enhance its capital markets profile.   As of the date of this news release, Valdor has 150,036,228 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 1,500,236 common shares outstanding, subject to rounding. No fractional shares will be issued; any resulting fractional share will be rounded down to the nearest whole share.   The exercise or conversion terms of all outstanding warrants, stock options, and other convertible securities will be proportionally adjusted to reflect the Consolidation ratio.   A letter of transmittal will be provided to registered shareholders holding certificates or direct registration statements (“DRS”) outlining the process for exchanging their pre-Consolidation shares for post-Consolidation shares. Shareholders who hold their...

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