Legend Power Systems Applies for Amendment to Terms of Warrants

Core Points - Legend Power Systems Inc. has applied to extend the term of 12,861,553 common share purchase warrants from 24 months to 36 months [1] - The warrants were issued under a private placement completed in two tranches on July 31, 2023, and August 22, 2023, with an exercise price of $0.25 [1] - Insiders hold 1,957,999 warrants, representing 15.22% of the total [1] Company Overview - Legend Power Systems provides an intelligent energy management platform that addresses building energy challenges, impacting asset management and corporate performance [2] - The company's solutions aim to reduce total energy consumption and power costs while maximizing the lifespan of electrical equipment [2] - Legend Power's technology supports corporate sustainability efforts and helps meet utility energy efficiency targets [2] Product Information - SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions [3] - The SmartGATE system installs after the meter and provides full voltage regulation to improve system reliability, lifetime, and efficiency [3] - The technology focuses on reducing energy consumption while optimizing power for performance, designed for modern buildings [3]