Westbridge Reduces Actions to Attract Institutional Investors
- Westbridge Renewable Energy Corp., a canadian company specializing in large-scale energy infrastructure development, has announced a consolidation of its ordinary shares, effective August 22, 2025. This move is...
- The share consolidation will result in a significant reduction in the number of outstanding shares.
- Shareholders of record will receive a transmission letter with detailed instructions on how to exchange their existing share certificates.
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What’s Happening?
Westbridge Renewable Energy Corp., a canadian company specializing in large-scale energy infrastructure development, has announced a consolidation of its ordinary shares, effective August 22, 2025. This move is designed to improve the company’s liquidity and attract a broader range of investors.
The share consolidation will result in a significant reduction in the number of outstanding shares. Currently, ther are 101,149,851 ordinary shares; post-consolidation, this number will decrease to approximately 25,287,462, with fractional shares rounded down in accordance with TSX Growth Venture Exchange (TSXV) rules. For every four pre-consolidation shares held, shareholders will receive one post-consolidation share.
Shareholders of record will receive a transmission letter with detailed instructions on how to exchange their existing share certificates. These certificates, along with the completed form included in the letter, must be returned to Computershare Trust Company of Canada for processing. Following processing,shareholders will receive new share certificates or a direct registration notice.
| Share Status | Pre-Consolidation | Post-Consolidation |
|---|---|---|
| Total Shares Outstanding (approx.) | 101,149,851 | 25,287,462 |
| Exchange Ratio | N/A | 4:1 (Four old shares = One new share) |
Impact on Market Identifiers
While the company’s name and stock market symbols on the Canadian (TSXV), American (OTCQX), and German (FRA) exchanges will remain unchanged, the stock market identifiers will be updated. The new CUSIP code will be 95716A201, and the new ISIN code will be CA95716A2011.These new codes will apply to the consolidated securities.
Broader Implications and Strategic Rationale
Westbridge has indicated that all share purchase options,restricted units,and performance-related units will be adjusted proportionally following the consolidation. This strategic initiative is part of a larger plan to enhance stock liquidity, attract institutional investors, and support the company’s long-term growth. According to Chairman and CEO Stefano Romanin, the consolidation will improve Westbridge’s ability to access public capital markets.