TUT Fitness Group Inc (TSE:GYM) 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.
TUT Fitness Group Inc. has announced a share consolidation, exchanging ten old shares for one new share, effective around May 8, 2024, pending TSX Venture Exchange approval. The consolidation will significantly reduce the number of issued and outstanding common shares from over 36 million to approximately 3.66 million. Shareholders will not receive fractional shares; instead, these will be rounded down or up to the nearest whole number.
For further insights into TSE:GYM stock, check out TipRanks’ Stock Analysis page.