Core Points - The company formerly known as Total Helium Ltd. will change its name to Altura Energy Corp. and implement a consolidation of its common shares at a ratio of ten pre-consolidation shares for one post-consolidation share, effective May 12, 2025 [1][2] - Following the consolidation, approximately 10,239,354 common shares will be issued and outstanding, and trading will commence under the new ticker symbol "ALTU" [2][1] - The company has 37,500,000 share purchase warrants outstanding, with specific details on the 2026 and 2028 warrants provided, including adjusted exercise prices and terms [4][9] Share Consolidation Details - The consolidation will result in every ten 2026 warrants being exercisable for one post-consolidation common share at an adjusted price of $20.00 per share, with the same number of warrants remaining outstanding [5][4] - The 2028 warrants will also adjust to allow every ten warrants to be exercisable for one post-consolidation common share at an adjusted price of $7.50 per share, with the number of outstanding warrants unchanged [9][4] Acceleration Clause - The original acceleration clause for the 2026 warrants has been adjusted, requiring a volume-weighted average trading price of $30.00 per post-consolidation common share for 20 consecutive trading days to trigger acceleration [6][5] - The company intends to amend the exercise price of the 2028 warrants to $0.25 per post-consolidation common share, subject to approval from warrant holders and the TSX Venture Exchange [10][9] Trading Information - The 2026 warrants will continue to be listed on the TSX Venture Exchange under the new ticker symbol "ALTU.WT" starting on the effective date [7][5] - The 2028 warrants are expected to remain delisted but will have a new CUSIP and ISIN [9][10]
Total Helium Announces Effective Date of Name Change and Consolidation