Liberty Defense Holdings Ltd. (OTCQB: LDDFF) Liberty Announces Early Expiration of Warrants

AI is one of the hottest sectors at the moment, and investors have plenty of options to choose from. One of the options is Liberty Defense Holdings Ltd. (OTCQB: LDDFF), and on December 31, the company had come into focus among investors following a key new announcement. It could be a good idea to take a closer look into it.

Acceleration Right Exercise

The company announced in its news release at the time that it had decided to exercise its acceleration right for the entirety of the 12,500,000 common share purchase warrants that had been issued on December 19, 2024. The right would be accelerated in the warrants by the company in line with the provisions of the original private placement. The holder of each warrant could exercise it for the acquisition of one common share in Liberty Defense Holdings for the price of $0.55 per common share.

Further Details

As per the provisions of the agreement, Liberty Defense Holdings had the option of accelerating the expiry date of the warrants at any time after the issuance of the said warrants. However, it could only be accelerated if the price of the share was at least $0.70 for three consecutive days on the TSX Venture Exchange.