Business · Companies · 2 hrs ago

Cizzle Brands approves share consolidation for proposed US exchange listing

Cizzle Brands approves share consolidation for proposed US exchange listing

Cizzle Brands approved a share consolidation as part of its plan to seek a US national exchange listing.

The Toronto-based company sells sports nutrition products and says the move is intended to meet a key requirement for the proposed listing.

A share consolidation reduces the number of shares while increasing the value represented by each share, without changing the company’s overall value by itself.

Cizzle Brands’ shares are currently listed on Cboe Canada, the OTCQB market and the Frankfurt Stock Exchange.

The US listing is proposed, not confirmed, and the company has not provided details here on when it might happen.

The company says the broader goal is to expand its access to capital markets and attract institutional investment.

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