DeepMarkit Corp .: DeepMarkit completes 4: 1 stock split

IRW-PRESS: DeepMarkit Corp .: DeepMarkit completes 4: 1 inventory breakdown



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Calgary, Canada – May 5, 2022 – DeepMarkit Corp. (or the company) (TSXV: MKT) (OTC: MKTDF) (FSE: DEP), a company that focuses on enabling global trade in CO2 emissions by implementing quotas in Non-Fungible Tokens (NFTs) in the more accessible digital economy, is pleased to announce that, as previously announced on April 26, 2022, with effect from May 4, 2022, the split of the Company’s ordinary shares (ordinary shares) on the basis of four (4) new ordinary shares for each (1) outstanding ordinary shares (the share split) was completed. With effect from 5 May 2022, the Company’s ordinary shares will begin trading on the TSX Venture Exchange on terms after share split.

Immediately after the end of the share split, DeepMarkit’s issued and outstanding ordinary shares increased from 42,465,707 ordinary shares to 169,862,828 ordinary shares. The company believes that the share split will make its shares easier for investors to access and increase the liquidity of the shareholders.

There is no need for action on the part of the shareholders with regard to the share split. All outstanding stock options and stock purchase warrants will be adjusted to the same split ratio, and their respective exercise prices will also be adjusted accordingly. Further information on the share split can be found in the company’s previously published press release dated April 26, 2022.

ABOUT DEEPMARKIT

DeepMarkit Corp. is a company that focuses on democratizing access to the voluntary CO2 compensation market by minting credits in non-fungible tokens (“NFTs”). The company’s ordinary shares are traded on the TSX Venture Exchange under the share symbol MKT. DeepMarkit’s wholly owned subsidiary, First Carbon Corp. (FCC) is a software infrastructure company operating on the tokenization vertical of blockchain. The FCC’s main asset, MintCarbon.io, is a web-based software-as-a-service platform that enables embossing of CO2 credits in NFTs (according to the ERC-1155 standard) or other secure tokens (according to the ERC -20 standard). MintCarbon.io is currently in the testing phase and the FCC officially expects to launch the platform in the near future.

On behalf of the:

DEEPMARKIT CORP.

Ranjeet Sundher

Ranjeet Sundher, interim CEO

For more information, contact:

Ranjeet Sundher, interim CEO

Tel: 403-537-0067

Email: corp@deepmarkit.com

Website: www.deepmarkit.com

Twitter: @DeepMarkit

TSX Venture Exchange and its regulatory bodies (referred to in TSX Venture Exchange’s policies as Regulatory Service Providers) assume no responsibility for the adequacy or accuracy of this press release.

WARNING

Opinions in this press release may contain forward-looking information. All statements contained in this press release that are not historical facts may be considered forward-looking statements, including statements about when the company expects the ordinary share to resume trading after the completion of the share split. The reader is warned that assumptions used to compile the forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those expected due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond DeepMarkit’s control. Various factors may cause the actual results to differ materially from those expected in the forward-looking statements. The reader is warned not to rely unnecessarily on forward-looking information.

The forward-looking statements contained in this press release are made on the date of this press release, and DeepMarkit assumes no obligation to publicly update or revise any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, unless: this is required by securities law.

SOURCE: DEEPMARKIT CORP.

The source language (usually English) in which the original text is published is the official, authorized and legal version. This translation is included for better understanding. The German-language version can be abbreviated or summarized. No responsibility or liability is accepted for the content, accuracy, sufficiency or accuracy of this translation. From the translator’s point of view, the report does not constitute a buy or sell recommendation! Please note the original English message at www.sedar.com, www.sec.gov, www.asx.com.au/ or on the company website!

The original English message can be found at the following link:

https://www.irw-press.at/press_html.aspx?messageID=65644

The translated message can be found under the following link:

https://www.irw-press.at/press_html.aspx?messageID=65644&tr=1

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Source: dpa-AFX

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