Cypher Metaverse Inc. Announces Share Consolidation

Cypher Metaverse Inc., a company listed on the Canadian Securities Exchange under the symbol "CODE," has announced a consolidation of its common shares. The consolidation will occur on a ratio of fifteen pre-consolidation shares to one post-consolidation share. This decision was approved by shareholders at the Annual and Special Meeting on September 30, 2024, and confirmed by the Board of Directors on October 16, 2024.

Currently, the company has 21,529,143 shares issued and outstanding. After consolidation, this will adjust to 1,435,276 shares, barring any other changes. Additionally, the company will also consolidate its outstanding warrants on the same fifteen-to-one ratio.

Cypher Metaverse Inc. aims to increase its financial flexibility through this consolidation, though it requires approval from the Canadian Securities Exchange. The company's name will remain unchanged, and its shares are currently halted.