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WSJ: Mining Company Cathedra Bitcoin Announces Completion of Stock Merger

2025.10.16 10:24:22

On October 16th, as per the report in The Wall Street Journal, Cathedra Bitcoin Inc., a Bitcoin company specializing in the development and operation of digital infrastructure assets, announced the completion of the previously declared 30:1 consolidation of the company's issued and outstanding subordinate voting shares and multiple voting shares. The record date for the share consolidation is October 14, 2025, and it has come into effect. Under this consolidation, for every 30 shares of the company's issued and outstanding subordinate voting shares or multiple voting shares, they have been consolidated into 1 share of the corresponding new class. No fractional shares will be issued. If fractional shares occur due to the consolidation, they will be rounded down to the nearest whole number of shares. This share consolidation treats all shareholders equally and will not change any shareholder's proportional ownership interest in the company unless the rounding of fractional shares leads to a minimal loss of shares for some shareholders.
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