Water Ways Technologies Announces Share Consolidation Plans
Water Ways Technologies Inc. Announces Key Share Consolidation
Water Ways Technologies Inc. (TSXV: WWT), known for its innovative approach to agricultural technology, has made significant strides in evolving its corporate structure. Recently, the company confirmed the effective date for its long-anticipated share consolidation, which is scheduled to begin trading on the TSX Venture Exchange (TSXV) on a consolidated basis starting August 21, 2025. This move comes as Water Ways seeks to position itself for enhanced growth opportunities.
Details of the Share Consolidation
The share consolidation involves a ratio of one post-consolidation Common Share for every ten pre-consolidation shares. As a result, the total number of issued and outstanding shares, which stood at 148,785,346 prior to the consolidation, will be reduced to approximately 14,878,537 shares.
This strategic decision not only streamlines the company's share structure but also prepares Water Ways for potential future investments and improved market perception. Shareholders are encouraged to look out for correspondence from the transfer agent, Computershare Trust Company, regarding the exchange of their existing share certificates.
Impact on Shareholders
Shareholders should note that the consolidation will not affect the underlying value of their investments. Instead, it aims to strengthen the trading position of Water Ways on the TSXV under the symbol “WWT”. This change signifies the company's commitment to enhancing shareholder value and optimizing its financial strategy.
Those holding shares in physical form or through DRS statements will receive detailed instructions on how to process their share exchange. Additionally, beneficial shareholders who maintain their investments through intermediaries should consult with their financial advisors regarding how the consolidation will affect their holdings.
Strategic Update on Irri-Al-Tal Ltd.
In a broader context of corporate strategy, Water Ways has also announced an update concerning its Israeli subsidiary, Irri-Al-Tal Ltd. (IAT). The company has taken decisive steps toward rationalizing its operations and is in the process of ceasing operations for IAT, focusing instead on its Canadian subsidiary, Heartnut Grove WWT Inc. (HGWWT).
By making this shift, Water Ways seeks to streamline operations and reduce costs significantly. Although the liquidation process for IAT is expected to take around three years, the company ensures that it will not impact the revenues derived from its primary operations in Canada.
About Water Ways Technologies
Water Ways Technologies Inc. stands out as a leader in agricultural technology, specializing in providing efficient water irrigation solutions tailored for various agricultural sectors in Canada and the USA. As the company pivots towards micro and smart irrigation, it sits on the cusp of generating considerable growth in the agricultural technology market. Its projects span across diverse crops, including vineyards and blueberries, emphasizing the relevance of high-tech irrigation systems.
In pursuit of innovation, Water Ways harnesses cutting-edge technologies to support agricultural producers, facilitating sustainable practices that enhance productivity and resource management.
Contact Information
For further inquiries or detailed discussions about the share consolidation and corporate developments, individuals can reach out to:
Ronnie Jaegermann
Director
T: +972-54-4202054
E: Ronnie@exit-team.com
Frequently Asked Questions
What is the main announcement from Water Ways Technologies?
Water Ways Technologies announced its share consolidation, beginning August 21, 2025, reducing outstanding shares significantly.
How will the share consolidation affect existing shareholders?
Shareholders will receive new shares post-consolidation and should see no change in the overall value of their investments.
What changes are happening within Water Ways Technologies?
The company is shifting its focus and ceasing operations of its Israeli subsidiary, redirecting efforts towards its Canadian market.
What innovative solutions does Water Ways provide?
Water Ways Technologies provides advanced water irrigation solutions, focusing on micro and smart irrigation methods for agriculture.
Who can shareholders contact for more information?
Shareholders can reach out to Ronnie Jaegermann, Director at Water Ways Technologies, for any inquiries regarding the share consolidation.
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