Jolt Health Inc. Announces Share Consolidation

Jolt Health Inc. has announced plans to consolidate its common shares in a 20-to-1 ratio. This move was approved by shareholders at the Annual and Special Meeting on December 30, 2024, and confirmed by the Board of Directors on January 7, 2025. Following the consolidation, the number of shares will decrease from 127,289,723 to 6,364,486, assuming no other changes in the company's issued capital.

The company will also consolidate its outstanding warrants and options with the same ratio. This decision aims to provide Jolt Health Inc. with greater flexibility to pursue additional financing opportunities. The company noted that the consolidation is subject to approval by the Canadian Securities Exchange, and it will not result in a name change.