High Arctic Energy Services (TSE:HWO) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
High Arctic Energy Services Inc. has received conditional approval from the TSX Venture Exchange for the listing of SpinCo shares, part of a strategic reorganization to split its North American and Papua New Guinea businesses. Shareholders of High Arctic will receive new shares in both SpinCo and High Arctic post-reorganization, in addition to a capital return distribution. Final approvals from the TSXV and TSX are pending for the completion of the arrangement.
For further insights into TSE:HWO stock, check out TipRanks’ Stock Analysis page.