Warrants give the holder the right to purchase a share of the common stock at the warrant price any time prior to expiry. (As outstanding Feb 5, 2025)
$1.60 warrants
- Expiry February 4, 2025
- Non-tradeable on any exchange – Broker warrants
- 90,911 outstanding at September 30, 2024
- No acceleration clause
$1.36 warrants (Private Placement Warrants)
- Expiry Sept 1, 2026
- Non-tradeable on any exchange
- 3,029,390 outstanding at September 30, 2024
- Contains acceleration clause that takes effect if shares trade above $2.72 (VWAP) for 20 consecutive trading days
$1.36 warrants (Private Placement Warrants)
- Expiry Sept 20, 2026
- Non-tradeable on any exchange
- 803,757 outstanding at September 30, 2024
- Contains acceleration clause that takes effect if shares trade above $2.72 (VWAP) for 20 consecutive trading days
$2.40 warrants (Debenture Warrants)
- Expiry Dec 30, 2027
- Non-tradeable on any exchange
- 6,240,000 outstanding at September 30, 2024
$0.81 warrants (VESTCOR Warrants)
- Expiry April 5, 2029
- Non-tradeable on any exchange
- Repriced and extended via conversion of SEA warrants during EXRO-SEA Merger
- 13,192,842 outstanding at September 30, 2024
$0.42 warrants (tradeable on TSX as EXRO.WT.A)
- Expiry Sept 13, 2027
- Warrants issued as part of the September 2024 financing (each unit was sold for $0.35 and included 1/2 of a $0.42 purchase warrant; for every 2 shares purchased, the buyer received 1 warrant)
- 37,500,225 outstanding at September 30, 2024
- No acceleration clause
- September 13, 2024 Warrant Indenture information
$0.35 warrants (Broker Warrants)
- Expiry Sept 13, 2027
- Broker Warrants issued as part of the September 2024 financing
- 2,857,160 outstanding at September 30, 2024
- Contains acceleration clause?
