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NextMart To Further Lower Authorized Common Stock To 250 Mln Shares Of Common Stock

RTTNews | 1075 days ago

NextMart To Further Lower Authorized Common Stock To 250 Mln Shares Of Common Stock

(RTTNews) - NextMart, Inc. (NXMR) announced Friday that the Company plans on lowering its authorized Common Stock down to 250,000,000 shares of Common Stock in a two-step corporate action process.

The Company currently has 500,000,000 shares of Common Stock authorized (Par Value $0.01). The Company will immediately lower its authorized Common Stock to 300,000,000 shares.

The Company is currently in the process of cancelling approximately 68,000,000 shares of Common Stock. Upon these shares of Common Stock being officially cancelled, the Company will lower its authorized Common Stock to 250,000,000.

The company said these corporate actions are part of its ongoing efforts to restructure the capitalization of the Company to mainly benefit current shareholders and to become attractive to future company acquisitions.

Tags: NXMR

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French Consumer Sentiment Weakest Since 2023

French Consumer Sentiment Weakest Since 2023

France's consumer confidence weakened to the lowest level since October 2023 largely due to the weaker outlook for standard of living and the fall in saving intentions. The consumer sentiment index edged down to 87 in August from 88 in July. This was the lowest reading since October 2023 and remained below its long-term average of 100.

RTTNews | 40 minutes ago

European Shares Decline Amid French Uncertainty

European Shares Decline Amid French Uncertainty

European shares traded lower on Tuesday, with Fed independence fears and French political risks keeping investors on edge.

RTTNews | 1h 1min ago

Asian Shares Slip After Trump's Tariff Threats

Asian Shares Slip After Trump's Tariff Threats

Asian stocks fell on Tuesday as Fed independence fears resurfaced and investors awaited Nvidia results amid hopes it can soothe fears about AI spending.

RTTNews | 1h 21min ago

Indian Rupee Falls To More Than 4-week Low On Tariff Worries

Indian Rupee Falls To More Than 4-week Low On Tariff Worries

The Indian rupee weakened against the U.S. dollar in the Asian session on Tuesday, after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 1h 55min ago

Antipodean Currencies Fall Amid Risk-off Mood

Antipodean Currencies Fall Amid Risk-off Mood

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Tuesday, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation.

RTTNews | 2h 35min ago

NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.

RTTNews | 3h 43min ago

Australian Dollar Falls Against Majors

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

RTTNews | 3h 47min ago

European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade

European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade

European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.

RTTNews | 4h 25min ago

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