- Legend Power Systems (OTCQB: LPSIF) seeks to extend the term of 12,861,553 warrants from 24 to 36 months.
- Insiders hold 1,957,999 warrants, accounting for 15.22% of the total.
- The decision from the TSX Venture Exchange is pending on this warrant term extension application.
Legend Power Systems Inc. (OTCQB: LPSIF), a leader in commercial electrical system solutions, has submitted a request to the TSX Venture Exchange to extend the term of over 12 million common share purchase warrants. These warrants were originally issued in two stages, on July 31 and August 22, 2023, and they are currently set to expire in July and August 2025. The company is looking to extend these by an additional year, changing the expiration period from 24 to 36 months.
The warrants come with an exercise price of $0.25 per share. Notably, insiders of the company hold a significant portion, with 1,957,999 warrants, representing 15.22% of the total under consideration for the extension.
Legend Power Systems, known for its SmartGATE technology that enhances energy performance and reduces costs, will provide further updates following the Exchange's decision on the extension application. The company's initiatives reflect its commitment to advancing energy management solutions and optimizing corporate sustainability efforts.
