P2P Group Announces Leading Investment Group Underwriting

Core Insights - P2P Group Ltd. is accelerating the expiry of outstanding common share purchase warrants issued on November 20, 2024, due to the 10-day volume weighted average price exceeding CAD$0.20 [2][5][6] Group 1: Warrant Acceleration - The company has decided to accelerate the expiry of 3,172,079 warrants at a price of CAD$0.14, with an accelerated expiry date set for November 17, 2025 [9][10][11] - Myer Walker, a global investment company, has agreed to informally underwrite the warrant exercise and assist the company in its growth phases and market presence [3][9] - If all warrants are exercised, the company could receive gross proceeds of approximately CAD$444,091 [11] Group 2: Warrant Details - The warrants were originally issued in private placements to strategic groups and long-term supporters of the company [3] - An additional 12,386,418 warrants at CAD$0.18 are subject to acceleration if the volume weighted average price exceeds CAD$0.25 for 10 consecutive trading days [10] - The proceeds from the warrant exercises will be utilized for working capital purposes [8] Group 3: Company Overview - P2P Group is focused on advancing intelligent environments through AI technologies, impacting sectors such as healthcare, military, and smart homes [12]