- Alset AI Ventures Inc. (OTC: GPUSF) received approval from TSX Venture Exchange to amend warrant terms.
- Approximately 20 million outstanding warrants will have a reduced exercise price from $0.25 to $0.15.
- Amended warrants include an acceleration provision, expiring 30 days after if share price hits $0.1875 for 10 consecutive days.
Alset AI Ventures Inc. (OTC: GPUSF) has obtained the TSX Venture Exchange's approval to modify the exercise price of nearly 20 million outstanding warrants. Initially set at $0.25, the exercise price has been lowered to $0.15, potentially encouraging warrant holders to exercise their options sooner.
The amended warrants come with an acceleration provision. Under this condition, if Alset's share price reaches or exceeds $0.1875 for ten consecutive trading days, warrant holders will be required to exercise their warrants within 30 days. This acceleration clause is designed to facilitate quicker capital inflow should the company's stock price perform well.
The original expiration dates for the warrants remain unchanged, set for March 15 and March 22, 2027. This strategic amendment may help Alset AI Ventures Inc. in raising capital more efficiently amidst evolving market conditions.
