Xebra Brands (CSE:XBRA) has announced a significant 10:1 share consolidation of its common shares, which will reduce the outstanding shares from 84,144,855 to approximately 8,414,486. The consolidation is expected to take effect around August 28, 2025, subject to regulatory approvals.
The company also provided an update on its previously announced Management Cease Trade Order (MCTO), confirming delays in filing its annual financial statements for the year ended February 28, 2025. Xebra attributes these delays to liquidity constraints and recent management changes, expecting to file the required documents by August 29, 2025.
Xebra Brands (CSE:XBRA) ha annunciato una significativa accorpamento azionario 10:1 delle sue azioni ordinarie, che ridurrà il numero di azioni in circolazione da 84.144.855 a circa 8.414.486. L’operazione dovrebbe entrare in…
