Core Viewpoint - ALUULA Composites Inc. has received approval from the TSX Venture Exchange to extend and reprice its outstanding share purchase warrants, which were originally granted in July 2023 [1][2]. Summary by Sections Warrant Extension and Repricing - The company announced the extension and repricing of 24,489,953 outstanding share purchase warrants, allowing holders to acquire one common share at an exercise price of $0.81 until July 12, 2026 [1][2]. Accelerated Expiry Clause - The warrants will be subject to an accelerated expiry clause, where if the closing price of the company's common shares reaches $0.97 or higher for 10 consecutive trading days, the exercise period will be reduced to 30 calendar days [3]. Warrant Consolidation Details - The company clarified that the number of outstanding warrants remains at 24,489,953, despite a previous assumption of consolidation into 1,224,498 warrants. The current structure requires 20 warrants to acquire one share [5]. Company Overview - ALUULA Composites Inc. specializes in ultra-light, high-performance, and recycle-ready composite materials, enhancing outdoor gear performance while maintaining sustainability [6].
ALUULA Composites Inc. Announces Exchange Approval of Warrant Amendment
Newsfileยท2025-07-14 11:00