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dynaCERT Announces Repricing of Warrants and Convertible Note
dynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) (" dynaCERT " or the " Company "...
About this update from Dynacert Inc.
[{"type":"text","content":"dynaCERT Announces Repricing of Warrants and Convertible Note\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }\n \n\n\n\n\n dynaCERT\n \n Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) (\"\n \n\n dynaCERT\n \n\n \" or the \"\n \n Company\n \n \") is pleased to announce that, subject to acceptance by the Toronto Stock Exchange (the \"TSX\"), the Company intends to amend the exercise price of an aggregate of 4,166,667 outstanding common share purchase warrants of the Company that were issued as part of a private placement that closed on October 9, 2024 (the \"Warrants\") and to amend the conversion price and maturity date of the $1,000,000 Convertible Note (the “Note”) issued on the same date as part of the same private placement.\n \n\n The Warrants have a current exercise price of $0.28 and an expiry date of October 9, 2026, and the Company intends to amend the exercise price to $0.20 and the expiry date to October 9, 2027, following receipt of TSX acceptance of the proposed repricing of the Warrants. All other terms of the Warrants will remain the same.\n \n\n The Note has a current conversion price of $0.24 and a Maturity Date of October 9, 2025, and the Company intends to amend the conversion price to $0.15 (the effect of which shall be to increase the number of common shares issuable upon conversion from 4,166,667 to 6,666,667) and to extend the Maturity Date to October 9, 2026, following receipt of TSX acceptance of the proposed repricing and extension of the Note. All other terms of the Note will remain the same.\n \n\n\n\n\n About dynaCERT Inc.\n \n\n\n\n\n dynaCERT\n \n Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road veh...