New Wave Announces Completion of Share Consolidation
TORONTO, May 8, 2020 /CNW/ - New Wave Holdings Corp. (the "Company" or "New Wave") (CSE: NWES) announces that it completed its previously announced consolidation of its common shares on a three (3) for one (1) basis (the "Consolidation"). The Company currently has 30,035,308 common shares issued and outstanding. Concurrently, the Company changed its name from "New Wave Esports Corp." to "New Wave Holdings Corp." and changed its trading symbol from NWES to SPOR.
Per the Company's news release dated April 21, 2020, the number of listed warrants of the Company will not be altered by the Consolidation; however the warrants will be adjusted in accordance with the terms of the indenture under which they were issued, such that three warrants will be exercisable for one common share. Accordingly, there are at present 21,737,865 warrants of the Company listed on the CSE under the symbol SPOR.WT, which are exchangeable for approximately 7,245,955 common hares at an adjusted exercise price of $0.54 per common share.
About New Wave Holdings Corp.
New Wave Holdings is an investment issuer that provides capital and support services to multiple emerging industries, including esports and psychadelics
HIGHLIGHTS OF THE NEW WAVE PORTFOLIO:
SOURCE New Wave Holdings Corp.
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