PyroGenesis Inc T.PYR

NO acceleration of Warrants purchase yet.

[TOCKY8008]

Based on written document.

The warrant repricing news state :  " Commencing on July 17, 2024, the exercise price of the Warrants held by holders wishing to participate in this repricing will be reduced to $0.75 per share.
Those Warrants would also be amended to provide that if at any time before their expiry date, the closing price of the Common Shares on the Toronto Stock Exchange (“TSX”) is greater than $0.9375...

From that I deduce that the warrants are not reduced YET.
Hence no acceleration clause effective.Any thoughts?


TOCKY8008

[kjs4381]

Probably be a nr tomorrow mentioning that the acceleration clause has been triggered.  The repriced warrants have 30 days from July 17th to be exercised at a new price of .75

[tamaracktop]

You're right! Which begs a question.  Does the stock have to trade above .93 for 5 consecutive days AFTER July 17th, or do the last 5 days qualify it for the shortened expiry. Not being facetious, the wording is somewhat unclear.

[kjs4381]

It doesn't matter where the stock trades now. The requirements for the acceleration clause have been met. 

[dalesio_98]

Incorrect, IMO, the acceleration clause starts July 17th. Good luck to All!

[tamaracktop]

I agree with you Dalesio. 

[kjs4381]

That's not a surprise that the two of you agree.  I think it's clear,  there are two different conditions in the nr.the first is the warrants are repriced at .75 as of July 17th. The second condition refers to the acceleration clause. It clearly states that over any 5 consecutive days close above 93.75 cents. No where does it state that the 5 days has to occur after the 17th.

[dalesio_98]

How can that be the case? The acceleration clause is triggered prior to the expiry date. Clause isn't triggered before July 17th. As I've said before, PYR press releases leave more questions than answers provided. :) ;) Good luck to All! "Commencing on July 17, 2024, the exercise price of the Warrants held by holders wishing to participate in this repricing will be reduced to $0.75

[kjs4381]

July 17th isn't the expiry date.

[dalesio_98]

Kjs4381, Best reread my previous comments. July 17th is definitely not the expiry date!  Warrant expiry dates: October 19, 2024 March 7, 2025 July 21, 2025 Good luck to All!

[tamaracktop]

Kjs just doesn't seem to get it. An earlier expiry date would actually be worse for PyroGenesis shareholders.  They're actually euchred either way. If the expiry date is shorter, the stock will close the gap with the exercise price FASTER. If the expiry isn't shortened, the company won't get the money it needs fast. Just hold off comments till we see how it behaves in the

[dalesio_98]

Really? You agree? Phew. Good luck to All!

[TOCKY8008]

I agree with you. Of course, we shall get a NR about it within 1-2 weeks. TamarackTop, you can relax on the warrants exercise shenanigan posts now that tou agree too. You're all welcome. TOCKY8008