secwatch.observer — SEC 8-K summary
======================================

Issuer:     ProtoKinetix, Inc. (PKTX)
CIK:        0001128189
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001079973-22-001546
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProtoKinetix issues 2.52M shares to CEO at $0.025; reprices 93.5M options to $0.028
--------------------------------------------------------------------------------

- Issued 2,520,000 shares to CEO Clarence Smith at $0.025/share in private placement, raising $63,000.
- Board cancelled 93.54M options with above-market exercise prices and granted replacement options at $0.028, expiring Dec 6, 2028.
- Replacement options: 45.61M to CEO & CFO, 7.5M to a director, 40.43M to three consultants.
- Cancelled a consultant's warrant for 6M shares at $0.26; issued new warrant at $0.028 expiring Dec 12, 2028.
- Total options outstanding under the 2017 Plan stand at 94,690,000 shares after these changes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128189/000107997322001546/0001079973-22-001546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128189/000107997322001546/pktx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-22-001546

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer