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Forte Group Announces Equity Incentive Grants and Warrant Amendments
Accessnewswireยท 2025-10-10 07:50
Core Points - Forte Group Holdings Inc. has granted stock options and restricted share units to certain directors, officers, and consultants, effective October 10, 2025, under its Omnibus Equity Incentive Plan [1] - The company granted a total of 1,945,000 stock options at an exercise price of $0.20 per share, which vest immediately and have a two-year term expiring on October 10, 2027 [2] - A total of 2,445,000 restricted share units were granted, with a vesting schedule that includes a statutory hold period of four months and one day from the grant date [3] Stock Options and RSUs - The stock options granted are subject to a two-year term and an immediate vesting schedule [2] - The restricted share units will vest in four equal installments over a year, with specific dates outlined for each installment [8] Insider Grants - The stock option and RSU grants to certain insiders are classified as "related party transactions" and are exempt from certain valuation and minority shareholder approval requirements due to the company's market capitalization [5] - The company believes that the immediate closing of these insider grants is necessary to improve its financial position [5] Warrant Amendments - The company announced the extension and repricing of 1,152,937 common share purchase warrants to a revised expiry date of June 19, 2027, and a revised exercise price of $0.20 [6] - The original exercise price of the warrants was $0.60, and the repricing is subject to the unanimous consent of the registered holders [6][7] - The repricing aligns with the company's capital strategy to strengthen its financial position and provide flexibility for growth initiatives [7] Company Overview - Forte Group Holdings Inc. is focused on longevity and human performance through its TRACE brand and private-label partnerships, developing alkaline and mineral-enriched beverages and nutraceutical supplements [10] - The company operates a Health Canada and HACCP-certified manufacturing facility and owns a natural alkaline spring water aquifer [10]