Theralase Technologies Inc. V.TLT

Confusion on warrant expiry date

[aussyspitz]

Every thing I am reading shows expiry date of August 22, 2024 https://cassels.com/rep_work/theralase-completes-17-25-million-prospectus-offering/ am I missing something

[menoalittle]

you're looking at different warrants.

[Legit62]

I think he is referring to stock being at high price so warrants had some value then cause u could buy at .30

[Pandora]

1) Warrants issued with completed financing of January 2019: Each Warrant entitles the holder to acquire an additional Common Share at an exercise price of $0.50 per share for a period of 24 months following the date of issuance. (i.e. January 9, 2019) Please note news issued on January 8, 2021: The Warrants were issued on January 9, 2019 pursuant to a private placement involving the issuance

[Pandora]

My apologies for a couple of typos in that note (brain freezes at times) In item 1) the date in brackets should say (i.e. January 9, 2021) In item 4) the date in the statement Please note news issued May 11, 2014: should say May 11, 2020

[Legit62]

I dont think warrants can be extended twice, so i believe you are correct, the question is, do we know how many warrants remain and how many will expire tomorrow?

[Pandora]

an aggregate of 5,104,000 Units i.e. including 5,104,000 warrants were issued. The exercise price on the warrants is 30 cents. From December 2021 through April of this year the share price has managed to maintain a price slightly above the 30 cent level so presumably people may have been motivated to exercise the warrants. No idea where or who keeps count.

[Infinity]

Pandora, If I were holding warrants, I would wait till the last week before expiry. Simply I am guaranteed the purchase price at $.30. No need to block up my money that I can use elsewhere for better gain. Best of all mininise any risk. At this price, It makes sense to just by the shares instead..

[Legit62]

I would totally agree with you Infinity, no need to exercise early

[Legit62]

On the run up in price we had recently, i would bet alot of those warrants were exercised due to holders feeling we were heading up to dollar figures and not looking back, IMO

[Legit62]

The timing of exercising the other outstanding warrants will get a little dicey in fall because if they miss out on the warrant price , they will miss the BIG run up once we get BTD and commercialization

[Rumpl3StiltSkin]

I actually think they, 50c warrants, have a good chance of exercising. With improving numbers, we could see a JV announced. Or perhaps the Animal data on the Covid Vax front will come out solid. Either of those could happen between now and Oct.

[Pandora]

I agree with you infinity. I did not/do not hold any of these aforementioned warrants. I held the 37.5 cent warrants for 5 years which expired on Nov. 21, 2021 and were never extended - so they're just gone.

[CAinPlap]

I may be one of the few outside management that have the Oct 3 2022 .50 warrants. I remember being dissapointed in the lack of funds raised in that round of financing.

[Lesalpes29]

Shares count could be an indicator. But simply ask to the company. Of course IR is not hired yet.

[Rumpl3StiltSkin]

I think Share/warrant/option count should be ~ 280Million after these expire EoD...

[Oilminerdeluxe]

Not sure if it is important or not, but I know there was talk on the board way back that warrants could not be extended again. If that is true or not, I do not know, but I know that subject was talked about.