Verdera Energy F-1 resale registration takes effect for enCore special-dividend share distribution
EU•Verdera Energy’s F-1 resale registration statement was declared effective, clearing a path for enCore to distribute common shares to shareholders through a special dividend. The distribution remains subject to required filings and approvals from Nasdaq and the TSX Venture Exchange.
1. Distribution details
enCore agreed, subject to conditions, to convert 35 million non-voting preferred shares into common shares for the distribution. The shares to be distributed are issuable upon conversion of 50 million non-voting preferred shares enCore received under a March 17, 2025, share purchase agreement.
