Grounded People Apparel Inc. Announces Cancellation of Warrants

Core Viewpoint - Grounded People Apparel Inc. has cancelled a total of 4,111,667 common share purchase warrants, which were voluntarily cancelled by the holders without any consideration paid by the Company [1][3]. Group 1: Details of the Cancelled Warrants - The cancelled Warrants were issued through private placements on December 27, 2023, April 17, 2024, August 12, 2024, and November 20, 2024 [2]. - The exercise prices for the Warrants were $0.50, $1.00, $0.75, and $0.71 per share, with expiry dates set for December 27, 2028, April 17, 2029, August 12, 2029, and November 20, 2029, respectively [2]. Group 2: Impact of the Cancellation - Following the cancellation, the Company has no outstanding common share purchase warrants [4]. - The cancellation of the Warrants does not impact the total number of common shares issued and outstanding by the Company [5].