other material
confidence high
sentiment negative
materiality 0.85
INTV reduces warrant exercise price to $0.001 for 30M shares; imposes 90-day issuance ban.
MedWellAI, Inc.
- Exercise price of two 15M-share warrants cut from $0.30 to $0.001, effective June 29 and August 30, 2022.
- Anti-dilution 'exploding feature' waived, preventing an increase in warrant shares despite price reduction.
- Company restricted from issuing any shares or equivalents for 90 days, with limited exempt issuances allowed.
- Warrants stem from March 2021 offering at $0.30 per unit; amendments executed September 13/15, 2022.