VANCOUVER, BC, Sept. 30, 2025 /CNW/ - AGEDB Technology Ltd. ("AGEDB" or the "Company") (TSXV: AGET) announces that the Board of Directors have approved a consolidation of the Company's common shares on the basis of one (1) post-consolidated share for every five (5) pre-consolidated shares (the "Consolidation").
Currently, the Company has 58,383,200 common shares issued and outstanding. Following the Consolidation, the Company will have approximately 11,676,640 common shares issued and outstanding. No fractional shares will be issued but will instead be rounded as provided for in section 83(1) of the Business Corporations Act (British Columbia). The Company's outstanding convertible securities shall be adjusted according to the consolidation ratio.
The Company's name and trading symbol on the TSX Venture Exchange shall remain the same.
The Company will issue a further news release announcing the effective date in which the Company will commence trading on a consolidated basis. The Consolidation remains subject to the approval of the TSXV.
About AGEDB Technology Ltd.
AGEDB Technology Ltd. (TSXV: AGET) is a publicly listed Canadian company delivering innovative IT consulting and managed services to enterprises worldwide. We specialize in guiding organizations through digital transformation, optimizing technology infrastructure, and ensuring business resilience. Backed by the credibility of a TSXV listing and a team of seasoned experts, AGEDB helps clients unlock growth through reliable, scalable, and secure IT solutions.
AGEDB Technology Ltd.
On behalf of the board of directors,
"Jungsoo Kim"
CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
SOURCE AGEDB Technology Ltd.
Contact Information: For more information, please contact: [email protected], www.agedb.io, +1 866-278-0650