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The latest announcement is out from New Wave Esports ( (TSE:NWAI) ).
New Wave Holdings Corp. has announced a proposed consolidation of its common shares on a 1:5 basis, reducing the number of shares from approximately 35.9 million to 7.2 million, subject to rounding. This move, which does not require shareholder approval but is subject to the Canadian Securities Exchange’s approval, aims to streamline the company’s capital structure. The consolidation will also adjust outstanding stock options, warrants, and convertible securities accordingly, while the company’s name and stock symbol will remain unchanged.
More about New Wave Esports
New Wave Holdings Corp. is an investment issuer focused on supporting innovative and fast-growing companies within the esports, NFT, Metaverse, Blockchain, and Web3 sectors. The company also seeks accretive acquisitions and is exploring entry into the emerging AI market.
YTD Price Performance: -25.00%
Average Trading Volume: 70,610
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$538K
Find detailed analytics on NWAI stock on TipRanks’ Stock Analysis page.