other material
confidence high
sentiment neutral
materiality 0.65
Gran Tierra Energy completes 1-for-10 reverse stock split effective May 5, 2023
GRAN TIERRA ENERGY INC.
- Outstanding shares reduced from ~333M to ~33.3M; authorized common shares set at 57M, preferred at 25M.
- Fractional shares rounded up/down per standard rounding; no fractional shares issued.
- New CUSIP 38500T200 and ISIN US38500T2006; symbol GTE unchanged on NYSE American, TSX, and LSE.
- Reverse split approved by board in Feb 2023 and stockholders at May 3, 2023 annual meeting.
- Trading on split-adjusted basis began May 5 on NYSE American and LSE; TSX adjusted trading starts May 8.