- Alset AI Ventures (GPUSF, Financial) to amend 19,999,993 warrants by reducing the exercise price from $0.25 to $0.15 and initiate a 45-day early exercise incentive program.
- The new program offers warrant holders one-half of one additional warrant if exercised early, with new warrants exercisable at $0.25 for 12 months.
- The initiative aims to enhance financial flexibility and support the scaling of the Lyken.AI platform, pending TSXV approval.
Alset AI Ventures Inc. (GPUSF), a leading AI venture company, has announced a strategic amendment to its outstanding warrants aimed at strengthening its capital position. The company will lower the exercise price of approximately 20 million warrants from $0.25 to $0.15. In addition, Alset AI is introducing an early exercise incentive program, valid for 45 days, designed to encourage warrant exercise. Under this program, holders who exercise their warrants will receive one-half of one additional warrant at an exercise price of $0.25, valid for 12 months.
This amendment also includes an accelerated expiry provision whereby warrant holders must exercise if Alset AI's shares trade at $0.1875 or higher for 10 consecutive days. The original warrants, issued in March 2024, are set to expire in March 2027.
The initiatives are part of Alset AI's broader effort to unlock growth capital to scale the Lyken.AI platform and pursue infrastructure opportunities in the AI sector. The company's proactive capital management strategy aligns closely with shareholder interests and aims to leverage existing capital structure effectively.
These changes are contingent upon TSXV approval, and upon receiving this, Alset AI will notify warrant holders with details of the incentive program and associated timelines. This move underscores Alset AI's commitment to financial flexibility and its strategic objectives in advancing AI infrastructure solutions.
