CoTec Holdings Announces Accelerated Warrant Expiry

CoTec Holdings Corp. has announced the acceleration of the expiry date for its outstanding warrants. These warrants, part of the company's 2025 financing effort, allow holders to purchase common shares at C$1.20 each. They were set to expire 18 months post-issuance but are subject to an acceleration clause. This clause is triggered if the common share price exceeds C$1.35 for 15 consecutive trading days. This condition has been met, and the accelerated expiry date is now set for April 10, 2026. As of now, 5,132,643 warrants have been exercised, generating C$6,159,172. If the remaining 12,206,696 are exercised, CoTec could receive an additional C$14,648,036.