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Inverite Insights ( (TSE:INVR) ) has provided an update.
Inverite Insights Inc. announced a 6:1 consolidation of its common shares, adjusting outstanding options, warrants, and other convertible securities accordingly. This move is expected to result in approximately 41,528,721 common shares issued and outstanding post-consolidation. The consolidation is intended to streamline the company’s share structure without changing its name or trading symbol. The Canadian Securities Exchange will confirm the date when the shares will commence trading on a post-consolidation basis. This strategic decision aims to enhance the company’s market positioning and operational efficiency, potentially impacting stakeholders by simplifying the shareholding structure.
More about Inverite Insights
Inverite Insights Inc. is a Vancouver-based, AI-driven software provider specializing in real-time Holistic Financial Intelligence for the alternative credit economy. The company manages a vast database of over 27.5 billion financial data points from more than seven million unique Canadian consumer transactions, facilitating transactions with over 150,000 consumers monthly. Inverite offers innovative solutions for data enrichment, identity, risk management, and compliance to empower businesses in their consumer transactions.
Average Trading Volume: 49,274
Technical Sentiment Signal: Sell
Current Market Cap: C$10.93M
For an in-depth examination of INVR stock, go to TipRanks’ Stock Analysis page.