other material
confidence high
sentiment neutral
materiality 0.30
ADM Tronics issues warrant for 3.5M shares to consultant at $0.17/$0.20 exercise prices
ADM TRONICS UNLIMITED, INC.
- Issued warrant to purchase 3,500,000 common shares as compensation for consulting services.
- Exercise price: $0.17 per share for first 12 months, $0.20 per share for second 12 months.
- Warrant is exercisable for two years from July 2, 2021, the date of issuance.
- Company agrees to file resale registration statement within 45 days of consultant's request.
- Warrant issuance exempt from registration under Section 4(a)(2) of the Securities Act.