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Plantify Foods Inc ( (TSE:PTFY) ) has shared an update.
Plantify Foods Inc. has clarified a disclosure error in its omnibus equity incentive plan, confirming that the fixed share limit for share-based awards is 72,988 post-consolidation common shares, rather than the pre-consolidation figure of 14,597,636 previously shown in its management information circular. The company emphasized that the correction reflects the already implemented 200-to-1 share consolidation and does not materially change the terms of the plan, affect existing awards (which currently consist only of stock options), or alter the outcome of shareholder approvals, thereby limiting any operational or governance impact for investors and other stakeholders.
More about Plantify Foods Inc
Plantify Foods Inc., listed on the TSX Venture Exchange under the symbol PTFY, operates in the plant-based food sector, focusing on developing and marketing alternative food products. The company targets consumers seeking plant-based options and aligns its capital structure and incentive programs with growth in this niche food industry.
Average Trading Volume: 28,219
Technical Sentiment Signal: Sell
Current Market Cap: C$2.59M
For an in-depth examination of PTFY stock, go to TipRanks’ Overview page.