TW Holdings acquired Auscann so Auscann could list on the ASX. Auscann is looking to either re list or consolidate. I bought TWH shares to purely invest into Auscann. What will happen to my shares when they relist or consolidate. Do they stay as TWH or transfer to Auscann ?
It would depend on the acquiring company (TWH) in this case whether it wants to get both entities listed or not. In case Auscann decides to relist, TWH would probably allot shares of Auscann to it’s investors according to a ratio as approved by shareholders. It’s for TWH to decide on the terms of the listing. You’ll just have to wait and watch.