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Highlights
- Company declares 4-for-1 stock split to increase share liquidity.
- Total outstanding shares to rise from 17.39 million to 69.56 million.
- Post-split trading expected to commence around November 14, 2025.
Plaid Technologies Inc. (CSE:STIF) announced that it will undertake a stock split of its issued and outstanding common shares on a four-for-one basis. Each shareholder of record at the close of business on November 14, 2025, will receive three additional shares for every one held.
Following the split, the number of issued and outstanding common shares will increase from approximately 17,389,473 to 69,557,892. The purpose of the split is to enhance the liquidity and marketability of Plaid’s common shares on the Canadian Securities Exchange (CSE).
Mechanics and Trading Details
The CSE will issue a bulletin confirming the stock split, with trading expected to begin on a post-split basis on or about November 14, 2025.
Shareholders are not required to take any action regarding the split. It will be conducted on a “push-out” basis, meaning the Company’s CUSIP number will remain unchanged. Holders of common shares as of the record date will receive a Direct Registration System (DRS) advice letter representing the additional shares. Existing share certificates remain valid and should not be returned.
The number and exercise price of all outstanding stock options, warrants, and other convertible securities will be adjusted proportionately to reflect the new share structure.
The stock split remains subject to the acceptance of the Canadian Securities Exchange. The Company confirmed that there will be no change to its name or trading symbol in conjunction with the split.
About Plaid Technologies Inc.
Plaid Technologies Inc. is engaged in the development and commercialization of advanced graphene-enhanced solutions. The Company’s core focus lies in creating and applying its proprietary graphene-infused concrete mixture for industrial use.
The initial commercial direction targets wellbore cement and subsurface applications. Management expects Plaid’s innovative material approach to contribute to advancements in well abandonment techniques by integrating graphene’s strength and durability with precision engineering.
