CNEY Entered into Warrant Inducement Agreements with Certain Holders

Core Viewpoint - CN Energy Group, Inc. has entered into Warrant Inducement Agreements to incentivize holders of existing warrants to exercise them at a reduced price, potentially increasing the company's capital and shareholder engagement [1][2]. Group 1: Warrant Inducement Agreements - The company has reduced the exercise price of existing ordinary share purchase warrants from $1.4529 to $0.32 per share, covering up to 6,576,278 class A ordinary shares [1]. - Holders can exercise the existing warrants at the reduced price until January 5, 2025, and in return, they will receive new unregistered ordinary share purchase warrants that are immediately exercisable at the same reduced price [1]. Group 2: Registration and Compliance - The issuance of existing warrants and ordinary shares upon their exercise has been registered with the Securities and Exchange Commission, and the company will file a registration statement for the resale of shares issued upon the exercise of the new warrants [2]. - The new warrants and the shares from their exercise are offered under the exemption provided by Section 4(a)(2) of the Securities Act of 1933 [2]. Group 3: Company Overview - CN Energy Group, Inc. specializes in producing high-quality recyclable activated carbon and renewable energy from waste materials, contributing to environmental sustainability and economic benefits [4]. - The company's products are utilized across various sectors, including food and beverage, pharmaceuticals, and environmental protection [4].