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Phio Pharmaceuticals Announces Exercise of Warrants for Approximately $2.5 Million Gross Proceeds
Newsfile· 2025-07-25 19:04
Core Viewpoint - Phio Pharmaceuticals Corp. has announced the exercise of warrants that will generate approximately $2.5 million in gross proceeds, aimed at supporting its clinical-stage siRNA biopharmaceutical operations focused on cancer therapeutics [1][4]. Group 1: Warrants and Financial Details - The company entered into agreements to exercise warrants for a total of 928,596 shares of common stock, with exercise prices ranging from $2.00 to $3.00 per share [1]. - The exercise of 100,000 shares will occur at the existing price of $2.00, while 828,596 shares will be exercised at a reduced price of $2.485 per share [1]. - The gross proceeds from this exercise are expected to be around $2.5 million before deducting fees and expenses [1]. Group 2: New Warrants Issuance - In exchange for the immediate cash exercise of the warrants, holders will receive new unregistered warrants for an aggregate of up to 1,857,192 shares at an exercise price of $2.485 per share [3]. - The new warrants will have a term of twenty-four months for 1,538,596 shares and five years for 318,596 shares, effective upon the registration of the shares [3]. Group 3: Use of Proceeds - The company plans to utilize the net proceeds from the offering for working capital and other general corporate purposes [4]. Group 4: Company Overview - Phio Pharmaceuticals is a clinical-stage siRNA biopharmaceutical company that focuses on developing therapeutics using its INTASYL® gene silencing technology, particularly in the field of immuno-oncology [9]. - The lead clinical program, PH-762, targets the PD-1 gene associated with various skin cancers and is currently undergoing a Phase 1b trial [9].
IDEX Biometrics ASA: Results of the exercise of Warrants B
Globenewswire· 2025-05-05 21:35
Core Viewpoint - IDEX Biometrics ASA has successfully exercised Warrants B, leading to an increase in share capital and the issuance of new shares at a specified exercise price [2][3]. Group 1: Warrants and Share Capital - A total of 36,767 Warrants B were exercised, resulting in the subscription for 36,767 new shares at an exercise price of NOK 0.15 each [2]. - The Board of Directors has approved the allocation of new shares to the holders of Warrants B, leading to a resolution to increase the company's share capital [2]. - Following the exercise of Warrants B, the company's share capital will amount to NOK 38,316,309.99, divided into 3,831,630,999 shares, each with a nominal value of NOK 0.01 [3]. Group 2: Payment and Registration - Payment for the allocated new shares is due one week after the Board's resolution [3]. - The new shares will be issued upon registration of the share capital increase in the Norwegian Register of Business Enterprises [3]. Group 3: Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [4]. - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication [4]. - IDEX partners with leading card manufacturers and technology companies to bring its solutions to market [4].
Exercise of Warrants
Globenewswire· 2025-04-29 12:30
Company Overview - Vast Resources plc is a UK AIM listed mining company with operations in Romania, Tajikistan, and Zimbabwe [7] - The company focuses on advancing high-quality projects and recommencing production at previously operating mines in Romania [7] Recent Developments - The company announced the exercise of warrants for a total of 195,000,000 new ordinary shares at an exercise price of 0.4 pence per share, raising £780,000 [2] - Application has been made for the new shares to be admitted to trading on the AIM market, with admission expected around 1 May 2025 [3] Share Capital - Following the admission of the new shares, the total issued ordinary share capital will consist of 2,803,607,357 shares, with no shares held in treasury [4] Romanian Operations - Vast holds a 100% interest in Vast Baita Plai SA, which owns the producing Baita Plai Polymetallic Mine, with a total mineral resource of 15,695 tonnes copper equivalent and an exploration target of up to 5.8 million tonnes [8] - The company is also working to bring the Manaila Polymetallic Mine back into production and has received an extended exploitation license for the Manaila Carlibaba area [9][10] Tajikistan Operations - Vast has a joint venture interest in the Takob Mine processing facility, which is fully financed and will provide a 12.25% royalty on sales of non-ferrous concentrate [11] - The company is contracted to develop and manage the Aprelevka gold mines, aiming to increase production from approximately 11,600 ounces of gold and 116,000 ounces of silver per annum to historical peak levels of 27,000 ounces of gold and 250,000 ounces of silver [12]