Repricing risk

VIQ Solutions Announces Amendment to Credit Agreement, Draw on Previously Announced US$15 Million Credit Facility, and Repricing of Warrants

Retrieved on: 
Saturday, November 11, 2023

As of the date hereof, US$14.25 million of the Loan has been advanced to the Company.

Key Points: 
  • As of the date hereof, US$14.25 million of the Loan has been advanced to the Company.
  • In connection with the Subsequent Advance, the Company has issued 123,365 common share purchase warrants (each, a “Warrant”) to the Lender.
  • A copy of the Credit Agreement is available, and the Amending Agreement will be available, under the Company’s profile on SEDAR+ at www.sedarplus.ca .
  • Under the terms of the Amendment, the exercise price of the Repriced Warrants would be reduced to CDN$0.2004.

INSBANK Parent, InsCorp, Inc., Reports 2nd Quarter Earnings Growth

Retrieved on: 
Thursday, July 29, 2021

Net interest margin improved for the third consecutive quarter, as repricing liabilities drove a decrease in the bank's cost of funding.

Key Points: 
  • Net interest margin improved for the third consecutive quarter, as repricing liabilities drove a decrease in the bank's cost of funding.
  • "Our team made steady progress on both short and long-term goals this quarter," said Jim Rieniets, President and CEO of INSBANK.
  • "Growth, margin enhancement, and reduction in non-performing assets all contributed to a double-digit return for our shareholders."
  • Driven by a variety of on-going technology initiatives, in the second quarter INSBANK also surpassed some of its own peak performance ratios.

PROMIS NEUROSCIENCES ANNOUNCES APPROVAL FOR WARRANT REPRICING

Retrieved on: 
Tuesday, March 24, 2020

Outstanding Warrants currently held by Insiders of the Company will be excluded from the Warrant Repricing.

Key Points: 
  • Outstanding Warrants currently held by Insiders of the Company will be excluded from the Warrant Repricing.
  • The exercise price of the Warrants is being repriced to CDN $0.13 (USA $0.09) per share, effective April 8, 2020 until May 22, 2020 (the Warrant Repricing Period).
  • At the end of the Warrant Repricing Period, the Warrants will revert to the original exercise price.
  • The Company will deliver a new exercise notice (the New Exercise Notice) to the Warrantholders for exercise during the Warrant Repricing Period.