- Core Assets Corp. (PNK:CCOOF) will undergo a reverse stock split on a 1-for-10 basis and rebrand as Core Silver Corp. on June 4, 2025.
- The reverse stock split aims to reduce the outstanding shares from 127 million to approximately 12.7 million, potentially increasing the stock’s marketability.
- The company’s strategic shift to Core Silver Corp. reflects its new business focus, with the trading symbol “CC” remaining unchanged.
Core Assets Corp., trading under the symbol PNK:CCOOF, is set to undergo a significant transformation. On June 4, 2025, the company will execute a reverse stock split, consolidating its shares on a 1-for-10 basis. This means shareholders will receive one new share for every ten shares they currently hold. The company will also rebrand itself as Core Silver Corp., reflecting a strategic shift in its business focus.
The reverse stock split will reduce the number of outstanding shares from approximately 127 million to about 12.7 million. This consolidation aims to enhance the stock’s marketability by increasing its price per share. Currently, CCOOF trades at $0.0157, having experienced a 9.51% decrease. The stock’s 52-week range shows a high of $0.1188 and a low of $0.0131, indicating significant volatility.
As highlighted by Access Newswire, the name change to Core Silver Corp. and the share consolidation will take effect on the Canadian Securities Exchange at the market opening on June 4, 2025. The trading symbol “CC” will remain unchanged, but the company will adopt a new CUSIP number. All open orders will be canceled at the close of business on June 3, 2025, requiring dealers to re-enter their orders considering the share consolidation.
The company’s market capitalization is approximately $2 million, with a trading volume of 63,300 shares. The reverse stock split and rebranding are strategic moves to potentially attract new investors and improve the company’s financial standing. By reducing the number of shares, Core Silver Corp. aims to create a more favorable stock price, which could enhance investor perception and interest.
