Shares and warrants outstanding
The Toronto Stock Exchange reports that Patriot One Technologies Inc. will be listed and posted for trading at the open on April 9, 2019. According to the TSX, there will be 138,256,420 common shares of the company issued and outstanding, and 51,307,121 common shares reserved for issuance. The shares will trade under the symbol PAT and Cusip No. 70339L 10 8. There will also be:
3,278,300 common share purchase warrants issued and outstanding, trading under the symbol PAT.WT and Cusip No. 70339L 11 6 (warrants);
4,796,250 common share purchase warrants issued and outstanding, trading under the symbol PAT.WT.A and Cusip No. 70339L 13 2 (A warrants);
6,325,000 common share purchase warrants issued and outstanding, trading under the symbol PAT.WT.B and Cusip No. 70339L 14 0 (B warrants);
18.4 million common share purchase warrants issued and outstanding, trading under the symbol PAT.WT.C and Cusip No. 70339L 15 7 (C warrants).
The TSX reports that Patriot One is developing and commercializing a system to detect concealed weapons using radar technologies. The company does not expect to pay dividends in the foreseeable future. Its transfer agent and registrar is TSX Trust Company at its principal offices in Vancouver and Toronto for the common shares, and Toronto for the warrants, A warrants, B warrants and C warrants. The company's fiscal year-end is July 31.
According to the TSX, Patriot One's common shares have been listed on the TSX Venture Exchange since Aug. 24, 2016, under the symbol PAT. The warrants, A warrants, B warrants and C warrants have been listed on the TSX-V since Oct. 4, 2017, Nov. 2, 2017, March 5, 2018, and Nov. 26, 2018, respectively. The securities will be delisted from the TSX-V on April 9, 2019, upon the start of trading on the TSX.
As stated in the warrant indenture dated July 13, 2017, the Patriot One warrants are exercisable at $1.25 per share until July 13, 2020. According to the warrant indenture dated Oct. 31, 2017, the A warrants are exercisable at $1.70 per share until Oct. 31, 2020. The warrant indenture dated Feb. 22, 2018, states that the B warrants are exercisable at $2.40 per share until Feb. 22, 2021, and the warrant indenture dated Nov. 21, 2018, states that the C warrants are exercisable at $3.25 per share until Nov. 21, 2020.