Shared Ownership Adjustment and Business Update Announced by Water Ways, Effective Consolidation Date Included
Water Ways Technologies Inc. Undergoes Share Consolidation
Water Ways Technologies Inc. (WWT), a Canadian provider of Israeli-based agriculture technology, has announced a share consolidation to address its chronically low share price. The consolidation, which will take effect on August 21, 2025, aims to reduce the number of outstanding common shares from approximately 148.8 million to about 14.9 million on a 10:1 basis [1][5].
The strategic move is designed to elevate the per-share price into a more "investor-friendly" range, which could improve trading liquidity and reduce volatility. This could make the stock more attractive to a broader investor base [1][5].
Improved Liquidity
By reducing the number of outstanding shares, the company hopes to increase the share price, which could enhance trading liquidity. This is crucial for micro-cap stocks like WWT on the TSX Venture Exchange, where low share prices can lead to delisting risks [5].
Reduced Volatility
A higher share price is likely to reduce volatility, making the stock more stable and attractive to investors.
Broader Investor Appeal
With a potentially higher share price, WWT may become more appealing to institutional investors, who often shy away from stocks with very low share prices.
Trades Under New Specifications
Post-consolidation shares will trade under the same symbol 'WWT' but with new CUSIP and ISIN codes. The consolidated shares began trading on August 21, 2025 [1].
It is worth noting that no fractional shares will be issued in the share consolidation. Shareholders of record as of the effective date will receive a letter of transmittal from the transfer agent with instructions on how to exchange their certificates or DRS statements [1].
The liquidation of the company's Israeli subsidiary, Irri-Al-Tal Ltd., which was initially anticipated to take five to twelve months, is now expected to take approximately three years [1].
Certain statements in this press release are forward-looking information, and actual results may vary from those described [1]. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release [1].
For more information, contact Ronnie Jaegermann, a Director of Water Ways Technologies Inc., at +972-54-4202054 or [email protected] [1]. Beneficial shareholders who hold their shares through intermediaries should contact their intermediaries for information about the share consolidation.
For more details about Water Ways Technologies Inc., visit their websites at https://www.water-ways-technologies.com/ or https://www.hg-wwt.com/ [1].
[1] - Water Ways Technologies Inc. Press Release, August 21, 2025. [5] - The Financial Post, "Water Ways Technologies Consolidates Shares to Boost Trading Liquidity," August 21, 2025.
- Despite the consolidation, Water Ways Technologies Inc. remains rooted in Canadian culture, as it continues to provide Israeli-based agriculture technology.
- The media in Toronto and Canada has covered the share consolidation plan, highlighting the company's efforts to improve liquidity and make the stock more appealing to a broader investor base.
- The consolidation comes in light of the company's ongoing legal proceedings, as they navigate the lengthy liquidation process of their Israeli subsidiary, Irri-Al-Tal Ltd.
- The advancement in technology, as demonstrated by Water Ways Technologies Inc.'s agriculture technology, plays a crucial role in shaping the future of global farming practices, all while adhering to the established laws and regulations of Canada.
