Burcon Announces Details on Special Meeting of Shareholders and Amendment to Outstanding Warrants

Core Viewpoint - Burcon NutraScience Corporation is extending the expiry date of certain outstanding warrants to June 30, 2027, to facilitate cash inflow for capacity expansion and growth without incurring additional financing costs [2][3]. Group 1: Warrant Amendment Details - The expiry date of warrants held by non-insiders will be amended effective February 19, 2026, while the amendment for insider-held warrants requires disinterested shareholder approval at the upcoming meeting [2][6]. - The company has a total of 1,544,249 outstanding warrants, with specific details on the number of shares, exercise prices, and new expiry dates outlined [4]. Group 2: Financial Implications - The company anticipates that the cash inflow from the exercise of the outstanding warrants will support its plans for capacity expansion, enhancing the likelihood of warrant holders exercising their warrants [3]. - The amendment to the expiry date of warrants held by insiders is contingent upon receiving disinterested shareholder approval, which will be sought separately for each tranche of insider warrants [8][7]. Group 3: Company Overview - Burcon is recognized as a global technology leader in high-performance plant-based proteins, catering to the food and beverage industry, with a strong focus on sustainability and innovation [10]. - The company holds an extensive patent portfolio covering various plant-derived proteins, positioning itself as a key player in the growing plant-based market [10].