Delivra Health Brands Inc. (TSX-V:DHB) announced plans to consolidate its common shares on a 10-to-1 basis, reducing its issued and outstanding shares from 312.6 million to approximately 31.3 million.
The consolidation, approved by the board of directors, aims to support organic growth, enhance corporate flexibility, and improve the marketability of the company's shares to attract health and wellness-focused investors, according to a statement from the Vancouver-based company.
Shareholders’ ownership percentages and voting power will remain largely unchanged, except for minor adjustments due to fractional shares. The exercise prices and quantities of shares tied to stock options and warrants will also be adjusted accordingly.
The company will announce the effective date once approvals are secured.
Delivra Health confirmed it will not change its name as part of the consolidation.