What's Happening?
Westbridge Renewable Energy Corp. has announced the effective date for its share consolidation, set for August 22, 2025. The company will consolidate its common shares on a basis of one post-consolidation share for every four pre-consolidation shares. This move will reduce the number of shares from 101,149,851 to approximately 25,287,462. The consolidation aims to position Westbridge for broader institutional investor participation and enhance trading liquidity. The company's name and trading symbol will remain unchanged, and proportionate adjustments will be made to outstanding stock options and share units.
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Why It's Important?
The share consolidation is a strategic move by Westbridge Renewable Energy to strengthen its presence in public capital markets. By reducing the number of shares, the company aims to attract more institutional investors, which could lead to increased investment and support for its renewable energy projects. This action reflects Westbridge's commitment to its long-term growth strategy and its focus on delivering sustainable energy solutions. The consolidation may also improve the company's stock liquidity, making it more appealing to investors.
What's Next?
Following the consolidation, registered shareholders will need to submit their pre-consolidation share certificates to receive new post-consolidation certificates. Westbridge will continue to focus on its portfolio of utility-scale solar and battery energy storage projects across Canada, the U.S., the U.K., and Italy. The company aims to deliver clean electricity and energy storage solutions to meet growing energy demands and enhance grid reliability.
