Latest news with #stockwarrants
Yahoo
6 days ago
- Business
- Yahoo
DIAGNOS Announces Extension of Stock Warrants Exercise Period
BROSSARD, Quebec, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Diagnos Inc. ('DIAGNOS' or the 'Corporation') (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A), a pioneer in early detection of critical health issues using advanced technology based on Artificial Intelligence (AI), announces that it intends to extend the exercise period of an aggregate of 1,414,286 stock warrants (each a 'Warrant') issued as part of a non-brokered private placement of units initially announced on February 27, 2024. The Warrants initial exercise period is set to expire on August 27, 2025. Subject to the TSX Venture Exchange (the 'Exchange') consent, the extended expiry date shall be February 27, 2029 (the 'Amendment'). All other provisions of the Warrants, such as the Warrants exercise price of $0,40 per common share of the Corporation, will remain unchanged and fully in effect during the extended exercise period. One insider of the Corporation holds 357,143 Warrants to be amended. The insider is considered a 'related party' of the Corporation within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Amendment is exempt from the valuation requirement and the minority approval requirement prescribed in MI 61-101, based on sections 5.5(a) and 5.7(1)(a), as the fair market value of the related party participation in the Amendment to Warrants does not exceed 25% of the Corporation's current market capitalization. The board of directors of the Corporation has reviewed and approved the Amendment related to the Warrants to ensure that it was in the best interest of the Corporation and its shareholders The Corporation will issue a follow up press release solely in the case where the Exchange rejects the application for the Amendment. All monies quoted in this press release shall be stated in lawful money of Canada. About DIAGNOSDIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical eye-related health problems. By leveraging Artificial Intelligence, DIAGNOS aims to provide more information to healthcare clinicians to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale. Additional information is available at and This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT: For further information, please contact: Mr. André Larente, President DIAGNOS Inc. Tel: 450-678-8882 ext. 224
Yahoo
18-06-2025
- Business
- Yahoo
Why TMC The Metals Company Stock Is Skyrocketing Today
TMC stock is rocketing higher today after the company announced that it had amended the terms for previously issued stock warrants. The company has taken steps to reduce the number of shares that will be issued from the warrants. The news follows a big investment deal that TMC announced at the beginning of this week. 10 stocks we like better than TMC The Metals Company › TMC The Metals Company (NASDAQ: TMC) stock is roaring higher Wednesday. The company's share price was up 23.7% as of 3:30 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was roughly flat on the day's trading. TMC's valuation is soaring after the mining specialist published an update that is easing investor concerns about stock dilution. The news has helped continue a big rally for the stock that was kicked off earlier this week by the announcement that TMC had signed a big investment deal with a South Korean company. After the market closed yesterday, TMC submitted a filing to the Securities and Exchange Commission (SEC) stating that it had amended the terms for Class B stock warrants to purchase 9.95 million shares of its common stock at a price of $2 per share. Through the filing, the company revealed that it had waived a requirement that would prevent the holders of the warrants from exercising them through a cashless exercise. In other words, the holders of the warrants do not need to pay the $2 per share exercising price and can instead pay the exercise price with common stock value in exchange for receiving less common stock. The company says it believes that its new approach to the warrants is in the best interest of shareholders because it could reduce the amount of stock issued through the warrants, and investors appear to be excited about the new arrangement. On Monday, TMC announced that Korea Zinc would be making an $85.2 million investment in the company in exchange for 19.6 million shares of common stock. Per the terms, Korea Zinc will also receive warrants to purchase 6.9 million shares of common stock at an exercise price of $7 per share. The deal will provide TMC with a substantial new capital injection and also signals a high level of confidence in its mining operations and forward stock performance outlook. As evidenced by the recent amending of the previously issued Class B warrants, the deal has also given TMC increased financial flexibility and confidence. Before you buy stock in TMC The Metals Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and TMC The Metals Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $658,297!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $883,386!* Now, it's worth noting Stock Advisor's total average return is 992% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why TMC The Metals Company Stock Is Skyrocketing Today was originally published by The Motley Fool
Irish Times
17-06-2025
- Business
- Irish Times
AIB falls €700m short on bailout repayment, as Ireland sells its last shares in the bank
AIB is set to fall about €700 million short of repaying its €20.8 billion taxpayer rescue bill, as the Government turns its attention to realising the value of stock warrants held in the lender after selling its remaining shares in the bank. Minister for Finance Paschal Donohoe confirmed on Tuesday he has sold the State's remaining 2.06 per cent stake in AIB for €305.3 million, bringing the total recovered to date from the bank to €19.8 billion. The Government also holds stock warrants in AIB which analysts estimate are currently worth about €300 million. Department of Finance officials are considering options for these, including AIB purchasing the warrants back from the State, the Minister added. 'This is an important milestone in delivering on the government's policy of returning the banking sector to private ownership,' Mr Donohoe said. READ MORE The Minister noted that in late 2021, when he went about selling down the State's then 71 per cent remaining stake in AIB, that he said banking should be provided by the private sector, as it involves taking credit risk. [ Department of Finance to wind down special bank shareholdings unit Opens in new window ] 'It follows that taxpayer funds, which were used to rescue the Irish banks, should be recovered and used for more productive purposes. The gradual disposal of the State's investment in AIB into a rising market has been successful in delivering on this objective for our citizens,' he said. The total AIB bailout recovery, which also includes proceeds from an initial public offering (IPO) of AIB shares in 2017, redemption of bailout bonds, interest, guarantee fees and dividends received from the bank, is on track to be about €700 million shy or repaying the State on a cash-in, cash-out basis. However, Mr Donohoe said that taxpayers are currently about €600 million above water on their €29.4 billion rescue of AIB, Bank of Ireland and PTSB. That's because it recovered €2 billion more from Bank of Ireland than the lender's €4.8 billion rescue bill as the other two are on track to come up short. The removal of the State from the shareholder register will likely lead to a lifting of the €500,000 pay cap at AIB. It will face pressure to make a similar move at PTSB to avoid it being alone among the three surviving rescued banks in having such a restriction. Bonuses of more than €20,000 remain banned across domestic Irish banks. 'AIB profoundly regrets that the institution had to be rescued by the State almost two decades ago and owes an immense debt of gratitude to Irish taxpayers for the support provided during that challenging time,' the bank's chief executive, Colin Hunt, said. 'Since then, our focus has been on rebuilding trust, repaying the State and continuing to support our customers, communities and the wider economy.' AIB's shares have soared 31.5 per cent so far this year to more than €7. Analysts expect loan book growth, which resumed in 2021 after 13 years of contraction, to partially offset the effect of falling interest rates on earnings this year. Net profit at AIB rose 14 per cent last year to a record €2.35 billion, even as official interest rates fell at pace between June and December. 'With our market-leading customer franchise, resilient revenues and a strong capital position, we remain confident in the strong fundamentals of our business and our ability to play a positive role in the Irish economy, helping to build a more sustainable future for our customers while delivering sustainable returns for our shareholders,' said Mr Hunt. The stock warrants the State holds in AIB, issued at the time of the bank's initial public offering (IPO) eight years ago this month, gave the Government the right to buy back up to a 9.99 per cent stake in the bank if it doubled in value in the space of a decade from its €4.40 IPO price. The warrants were designed to avoid the State being embarrassed in the event of a massive surge in AIB's share price. The strike price of the warrants have been adjusted since they were issued, the factor in the effect of share buybacks. AIB estimated in March that it may cost about €250 million to buy back the warrants, based off a pricing model known as Black Scholes. Analysts estimate it could now cost about €300 million, given AIB's share price's advance since then.
Irish Times
17-06-2025
- Business
- Irish Times
AIB set to fall about €700m shy on repaying fully he State's post-crash bailout
AIB is set to fall about €700 million short of repaying its €20.8 billion taxpayer rescue bill, as the Government turns its attention to realising the value of stock warrants held in the lender after selling its remaining shares in the bank. Minister for Finance Paschal Donohoe confirmed on Tuesday he has sold the State's remaining 2.06 per cent stake in AIB for €305.3 million, bringing the total recovered to date from the bank to €19.8 billion. The Government also holds stock warrants in AIB which analysts estimate are currently worth about €300 million. Department of Finance officials are considering options for these, including AIB purchasing the warrants back from the State, the Minister added. 'This is an important milestone in delivering on the government's policy of returning the banking sector to private ownership,' Mr Donohoe said. READ MORE The Minister noted that in late 2021, when he went about selling down the State's then 71 per cent remaining stake in AIB, that he said banking should be provided by the private sector, as it involves taking credit risk. [ Department of Finance to wind down special bank shareholdings unit Opens in new window ] 'It follows that taxpayer funds, which were used to rescue the Irish banks, should be recovered and used for more productive purposes. The gradual disposal of the State's investment in AIB into a rising market has been successful in delivering on this objective for our citizens,' he said. The total AIB bailout recovery, which also includes proceeds from an initial public offering (IPO) of AIB shares in 2017, redemption of bailout bonds, interest, guarantee fees and dividends received from the bank, is on track to be about €700 million shy or repaying the State on a cash-in, cash-out basis. However, Mr Donohoe said that taxpayers are currently about €600 million above water on their €29.4 billion rescue of AIB, Bank of Ireland and PTSB. That's because it recovered €2 billion more from Bank of Ireland than the lender's €4.8 billion rescue bill.
