other material
confidence high
sentiment neutral
materiality 0.40
UAS Drone extends warrant term to Nov 2023; exercise price remains $0.40
DUKE Robotics Corp.
- Warrants to purchase up to 12.5M shares of common stock extended from 18 to 30 months.
- New expiration date is November 11, 2023; exercise price remains $0.40 per share.
- Extension involves eight non-U.S. investors who hold the warrants.
- The term extension modifies security holders' rights under the original warrant agreement.