CoTec Holdings Reports on Warrant Acceleration

CoTec Holdings Corp. has provided an update on the exercise of its common share purchase warrants. As reported, 83.4% of the warrants have been exercised to date, translating to 14.5 million exercised and generating $17.4 million in gross proceeds. All unexercised warrants are set to expire on April 10, 2026, at 5:00 p.m. Vancouver time.

The warrants, part of the LIFE Offering and Private Placement completed in mid-2025, were issued with a C$1.20 exercise price per share. The recent notice of warrant acceleration has expedited their expiry. Should the remaining warrants be exercised, CoTec could gain an additional $3.4 million and issue 2.86 million more shares. Warrant holders are urged to act promptly before the expiration.