Global Battery Metals Announces Proposed Consolidation
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Global Battery Metals Ltd. (GBML) has announced a 10-to-1 share consolidation, reducing its outstanding shares from 78.5 million to approximately 7.85 million. This move, approved by shareholders, will proportionately adjust the exercise price and number of shares for stock options and warrants.
February 19, 2025 | 12:45 pm
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Global Battery Metals Ltd. (GBML) is consolidating its shares on a 10-to-1 basis, reducing the number of outstanding shares significantly. This consolidation will also adjust stock options and warrants proportionately.
The share consolidation reduces the number of shares, which can impact liquidity and share price perception. However, it does not change the company's market capitalization or fundamentals, leading to a neutral short-term impact.
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