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PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.


TSX:PYR - Post by User

Comment by canyousayiiion Mar 15, 2021 8:35pm
321 Views
Post# 32804766

RE:RE:RE:RE:RE:RE:RE:PyroGenesis Announces Acceleration of Warrant Expiry Date

RE:RE:RE:RE:RE:RE:RE:PyroGenesis Announces Acceleration of Warrant Expiry DateIt is pretty simple. Financing back in November consisted of about 3.7 million shares and each share had warrant attached for half a share at $4.5 exercise price. So, warrants to buy 1.68 million shares at $4.5. The acceleration clause kicked in because of the SP higher than the $6.whatever price trading for more than 20 days. So, PYR is calling for those to be exercised within 30 dahs. But, of those 1.68 million warrants, half a million had already been exercised because those owners did not wait, nor do they have to. So, the call was to holders of 1.16 million warrants to pay up $4.5 per warrant or they lose them. Assuming they get exercised because nobody would leave that money on the table, the share count for the company goes up by those warrants, and PYR gets $5.2 million cash for it. There are pros and cons for this, depending where you are sitting. As to the effect on the share price, it all depends how these holders will finance these shares. If they sell the ones that they are holding, depends how quickly they sell and the buying support. But 1.2 million should not impact the price over a longer period.
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