| Warrants |
A summary of warrant activity during the six months ended June 30, 2025 is as follows:
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Six Months Ended |
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June 30, 2025 |
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Common Shares
Issuable upon
Exercise |
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Weighted average exercise price |
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Weighted average remaining contractual life (years) |
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Outstanding, beginning of period |
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1,267,585 |
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$ |
22.40 |
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4.4 |
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Issued |
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— |
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— |
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— |
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Exercised |
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— |
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— |
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— |
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Outstanding, end of period |
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1,267,585 |
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$ |
22.40 |
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3.8 |
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Exercisable, end of period |
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1,267,585 |
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$ |
22.40 |
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3.8 |
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The following table shows the number of outstanding warrants by exercise price and date of expiration as of June 30, 2025:
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Shares Issuable Upon Exercise |
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Exercise Price |
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Expiration Date |
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128,500 |
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$ |
34.50 |
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March 5, 2026 |
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18,084 |
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$ |
64.13 |
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January 30, 2028 |
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188,174 |
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$ |
51.30 |
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January 30, 2029 |
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77,972 |
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$ |
51.30 |
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January 31, 2029 |
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6,423 |
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$ |
43.13 |
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June 3, 2029 |
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128,500 |
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$ |
34.50 |
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September 5, 2029 |
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666,599 |
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$ |
6.00 |
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November 25, 2029 |
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53,333 |
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$ |
8.25 |
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November 25, 2029 |
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1,267,585 |
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Upon full exercise of all the warrants exercisable as of June 30, 2025, the Company would issue an additional 1,267,585 of its Common Shares, which could dilute existing shareholders.
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