Acceleware Announces Proposed Debenture Restructuring

Core Viewpoint - Acceleware Ltd. is planning a restructuring of its outstanding debt owed to 10% unsecured convertible debenture holders, amounting to up to $2,400,000, which includes total principal and accrued unpaid interest [1]. Details of Debenture Restructuring - The company offers existing debenture holders the option to convert their outstanding amounts into units consisting of one common share and one warrant, with the warrant allowing the purchase of a common share at $0.20 for 24 months [2]. - If the common shares trade at or above $0.30 for 30 consecutive trading days, Acceleware may accelerate the expiry of the warrants [3]. Replacement Debentures - Replacement debentures will have a maturity of four years and a conversion price of $0.15, with each convertible into units comprising one common share and half a warrant [4]. Expected Completion - The company anticipates completing the debenture restructuring around March 24, 2026, with further details to be provided in a subsequent release [5]. Conditions for Completion - Completion is subject to regulatory approvals, debenture holder elections, and finalization of agreements, with no assurance that the restructuring will occur as described [6]. Insider Participation - Certain insiders are expected to participate in the restructuring, classifying it as a related party transaction, and the company will rely on exemptions from formal valuation and minority approval requirements [7]. Company Overview - Acceleware specializes in advanced electromagnetic heating technology, providing proprietary RF power-to-heat solutions aimed at increasing production and reducing energy consumption in industrial heating [8]. - The company is involved in multiple projects across sectors, including mining and amine regeneration, and is publicly listed on the TSX Venture Exchange under the symbol "AXE" [9].