Midnight Gaming adds universal cashless exercise right to all outstanding warrants

Midnight Gaming Corp

Effective March 8, 2026, all common stock purchase warrants (Oct 2016–Mar 2026) can be exercised on a cashless basis.
Cashless formula: Net shares = (A × (B − C)) ÷ B; if B ≤ C, no shares issued and cash exercise remains available.
As of Dec 31, 2024, warrants for up to 5M shares at exercise prices $0.50–$0.75 were outstanding.
All other warrant terms (expiration, anti-dilution, transfer restrictions) remain unchanged.
Notice distributed to holders; administration covers street-name and unlisted warrants per company books.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Midnight Gaming Corp entered into Omnibus Amendment to Outstanding Common Stock Purchase Warrants with holders of Midnight Warrants valued at Universal cashless exercise right added to all outstanding warrants without payment of stated cash e (effective 2026-03-08).

Action: entry
Agreement: equity purchase
Counterparty: holders of Midnight Warrants
Value: Universal cashless exercise right added to all outstanding warrants without payment of stated cash e
Effective: 2026-03-08

Exact text from the filing

On March 8, 2026, Midnight Gaming Corporation (the "Company") approved and executed an Omnibus Amendment to Outstanding Common Stock Purchase Warrants (the "Warrant Amendment").

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Source: SEC EDGAR

accession 0001477932-26-001240

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