RE:Cymat - Share count (gone up - warrants being exercised??) Sorry, but it now looks like my post from about a week ago was wrong/presumptuous (see below). I found the following info on Stockwatch that indicates only 1,747,873 out of the 3,859,862 amended warrants were exercised at 32 cents. . . Below is the info copied over from Stockwatch. . .
Cymat Technologies private placement amendment
2023-05-17 16:12 ET - Private Placement
Further to Cymet's bulletin dated April 21, 2023, the exchange has accepted an amendment to warrants issued pursuant to a private placement of 7,719,723 shares and 3,859,862 share purchase warrants.
Warrants: 3,859,862 share purchase warrants
Current warrant exercise terms: 32 cents until May 5, 2023
Amendment: A total of 1,747,873 warrants were exercised for 1,747,873 common shares and 1,747,873 additional warrants. Each new warrant will be exercisable for one common share at a price of 50 cents per share for a two-year period.
A total of 2,111,989 warrants remained unexercised with an exercise price of 32 cents and an expiry date of May 5, 2023.
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Link to Stockwatch:
Stockwatch ...............................................................................
Post by Hopefulhomerun on May 10, 2023 8:47am
Cymat - Share count (gone up - warrants being exercised??)
I may be wrong, but it looks like the share count has gone up recently. . The listed shares shows 55,388,611 , but the total shares (all classes - which include restricted shares) now shows 59,185,612 , which is an increase of 3,797,001. . . . . So, is the increase caused by warrants being exerceised under their recent warrant repricing and exercise program that noted the repricing of 3,859,862 warrants?? If so, it looks like Cymat got the money they were looking for, but why no news release??