Sceptre Ventures announces major share consolidation plan

In Vancouver, British Columbia, on April 30, 2025, Sceptre Ventures Inc., listed on the TSX Venture Exchange under the symbol SVP.H, announced its intention to consolidate its issued and outstanding common shares. This proposed consolidation will be executed at a ratio of ten existing shares for one new share, reducing the total number of outstanding shares from approximately 24 million to about 2.4 million. The move is intended to enhance the marketability of Sceptre as an investment and to better position the company for future fundraising efforts necessary for its business plans. The consolidation is expected to be beneficial for the company, helping to attract investment interest and streamline its capital structure. Investors in the company will not receive fractional shares; instead, any fractions will be rounded up to the nearest whole number. Furthermore, the exercise prices and numbers of shares related to any outstanding options and warrants will also be adjusted proportionally in line with the consolidation. This adjustment is expected to occur immediately after the consolidation is completed. Sceptre Ventures, classified as a Capital Pool Company (CPC), has yet to commence any commercial operations and holds no assets apart from cash. The company’s main purpose is to identify and evaluate potential business opportunities and assets with the aim of completing a Qualifying Transaction under the TSX Venture Exchange's CPC policy. The proposed consolidation is contingent upon approval from the TSX Venture Exchange. The effective date for the consolidation, along with any additional details, will be announced in a future news release. Sceptre's board of directors maintains that this initiative will significantly improve the company's investment appeal. However, as this news involves forward-looking statements, it is subject to various risks and uncertainties which may alter the expected outcomes.