TechFlow news, October 16 — According to The Wall Street Journal, Bitcoin mining company Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) announced it has completed the previously disclosed 30:1 share consolidation. The record date for the consolidation was October 14, and it officially took effect on October 15.
No fractional shares were issued during the consolidation process. Any fractional shares resulting from the consolidation were rounded down to the nearest whole number of shares. The share consolidation applies uniformly to all shareholders and will not change any shareholder's proportionate equity interest in the company, except for the loss of fractional shares due to rounding.
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