Legend Power Systems Applies for Amendment to Terms of Warrants
Legend Power Systems (OTCQB: LPSIF), a commercial electrical system solutions provider, has applied to the TSX Venture Exchange to extend the term of 12,861,553 warrants from 24 to 36 months. The warrants, issued in two tranches on July 31 and August 22, 2023, have an exercise price of $0.25 and are currently set to expire in July and August 2025.
Company insiders hold 1,957,999 warrants, representing 15.22% of the total warrants under consideration for extension. The company will provide additional information once the Exchange makes its decision regarding the warrant term extension application.
Legend Power Systems (OTCQB: LPSIF), fornitore di soluzioni per sistemi elettrici commerciali, ha richiesto alla TSX Venture Exchange di estendere la durata di 12.861.553 warrant da 24 a 36 mesi. I warrant, emessi in due tranche il 31 luglio e il 22 agosto 2023, hanno un prezzo di esercizio di 0,25$ e sono attualmente in scadenza a luglio e agosto 2025.
Gli insider dell'azienda detengono 1.957.999 warrant, pari al 15,22% del totale dei warrant oggetto di estensione. La societ脿 fornir脿 ulteriori informazioni non appena la Borsa comunicher脿 la sua decisione riguardo alla richiesta di estensione della durata dei warrant.
Legend Power Systems (OTCQB: LPSIF), proveedor de soluciones para sistemas el茅ctricos comerciales, ha solicitado a la TSX Venture Exchange extender el plazo de 12.861.553 warrants de 24 a 36 meses. Los warrants, emitidos en dos tramos el 31 de julio y el 22 de agosto de 2023, tienen un precio de ejercicio de $0.25 y est谩n programados para expirar en julio y agosto de 2025.
Los directivos de la empresa poseen 1.957.999 warrants, que representan el 15,22% del total de warrants bajo consideraci贸n para la extensi贸n. La compa帽铆a proporcionar谩 informaci贸n adicional una vez que la Bolsa tome una decisi贸n sobre la solicitud de extensi贸n del plazo de los warrants.
Legend Power Systems (OTCQB: LPSIF)電� 靸侅梾鞖� 鞝勱赴 鞁滌姢韰� 靻旊(靺� 鞝滉车鞐呾泊搿�, TSX 氩れ矘 瓯半灅靻岇棎 12,861,553 鞗岆煱韸�鞚� 毵岅赴 旮瓣皠鞚� 24臧滌洈鞐愳劀 36臧滌洈搿� 鞐办灔頃橂姅 鞁犾箔鞚� 頄堨姷雼堧嫟. 鞚� 鞗岆煱韸鸽摛鞚 2023雲� 7鞗� 31鞚缄臣 8鞗� 22鞚� 霊� 彀鞐� 瓯胳硱 氚滍枆霅橃棃鞙茧┌, 頄夓偓臧瓴╈潃 $0.25鞚搓碃 順勳灛 2025雲� 7鞗旉臣 8鞗旍棎 毵岆霅� 鞓堨爼鞛呺媹雼�.
須岇偓 雮措秬鞛愲摛鞚 1,957,999 鞗岆煱韸�毳� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 鞐办灔 雽靸� 鞗岆煱韸� 齑濎垬鞚� 15.22%鞐� 頃措嫻頃╇媹雼�. 瓯半灅靻岅皜 鞗岆煱韸� 毵岅赴 鞐办灔 鞁犾箔鞐� 雽頃� 瓴办爼鞚� 雮措Μ氅� 須岇偓電� 於旉皜 鞝曤炒毳� 鞝滉车頃� 鞓堨爼鞛呺媹雼�.
Legend Power Systems (OTCQB : LPSIF), fournisseur de solutions pour syst猫mes 茅lectriques commerciaux, a demand茅 脿 la TSX Venture Exchange de prolonger la dur茅e de 12 861 553 bons de souscription de 24 脿 36 mois. Les bons, 茅mis en deux tranches les 31 juillet et 22 ao没t 2023, ont un prix d'exercice de 0,25 $ et doivent actuellement expirer en juillet et ao没t 2025.
Les initi茅s de la soci茅t茅 d茅tiennent 1 957 999 bons, repr茅sentant 15,22 % du total des bons concern茅s par la demande de prolongation. La soci茅t茅 communiquera des informations suppl茅mentaires d猫s que la Bourse aura pris sa d茅cision concernant la demande de prolongation de la dur茅e des bons.
Legend Power Systems (OTCQB: LPSIF), ein Anbieter von kommerziellen elektrischen Systeml枚sungen, hat bei der TSX Venture Exchange die Verl盲ngerung der Laufzeit von 12.861.553 Warrants von 24 auf 36 Monate beantragt. Die Warrants, die in zwei Tranchen am 31. Juli und 22. August 2023 ausgegeben wurden, haben einen Aus眉bungspreis von 0,25 $ und laufen derzeit im Juli und August 2025 ab.
Firmeninsider halten 1.957.999 Warrants, was 15,22 % der insgesamt zur Verl盲ngerung vorgesehenen Warrants entspricht. Das Unternehmen wird weitere Informationen bereitstellen, sobald die B枚rse eine Entscheidung bez眉glich des Antrags auf Verl盲ngerung der Warrants trifft.
- None.
- Warrant extension request could indicate challenges in achieving desired stock price performance
- 15.22% of warrants are held by insiders, suggesting significant potential dilution from insider holdings
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2025) - Legend Power Systems Inc. (TSXV: LPS) (OTCQB: LPSIF) ("Legend Power" or the "Company"), a global leader in commercial electrical system solutions, announces that it has made application to the TSX Venture Exchange (the "Exchange") to extend the term of 12,861,553 common share purchase warrants (the "Warrants") that were issued under the Company's private placement of units completed in two tranches on July 31, 2023 and August 22, 2023. The Warrants have an exercise price of
About Legend Power Systems Inc.
Legend Power Systems Inc. () provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.
About SmartGATE
SmartGATE is a turnkey solution that identifies and resolves inefficiencies in commercial electrical systems, enhancing energy performance while reducing costs and emissions. The SmartGATE active energy management system installs after the meter in line with your switchgear. Using our patented technology, we extract a percentage of the load, convert and analyze it, rebuild the waveform, and then inject it back into your system. This provides full voltage regulation (+/-
For further information, please contact:
Jonathan Lansky, Director
+1 416 417 7664
[email protected]
Sean Peasgood, Investor Relations
+ 1 647 503 1054
[email protected]
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR+ at . Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.
To view the source version of this press release, please visit