BrandPilot AI Announces Warrant Repricing

Core Viewpoint - BrandPilot AI Inc. has announced amendments to the exercise price of 51,983,761 outstanding common share purchase warrants, reducing the price to $0.05 [1][2]. Group 1: Warrant Amendments - The amendments affect warrants issued during a private placement transaction that closed in two tranches on February 21, 2025, and June 25, 2025, as well as those from a secured convertible debenture financing that closed on March 14, 2024 [1]. - A total of 49,418,000 warrants from the private placement are subject to repricing, with 4,918,001 warrants held by insiders being reduced from $0.10 to $0.05 [2]. - The remaining 4,184,539 warrants held by insiders retain their original exercise price of $0.10, while all 6,750,000 warrants from the debenture financing were reduced from $0.06667 to $0.05 [2]. Group 2: Related Party Transactions - The repricing of warrants held by insiders is classified as a "related party transaction" under Multilateral Instrument 61-101, with the company relying on exemptions from formal valuation and minority approval requirements [3]. - The fair market value of the warrant amendments involving insiders does not exceed 25% of the company's market capitalization [3]. Group 3: Company Overview - BrandPilot AI Inc. is a performance marketing technology company based in Toronto, focusing on innovative solutions that provide exceptional return-on-investment (ROI) for global enterprise brands [4]. - The company utilizes artificial intelligence and data analytics to help organizations navigate complex advertising landscapes, with its flagship product, Spectrum IQ, leveraging micro-influencers to maximize ROI [4].