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LONDON - Technologies New Energy plc (LSE:TNE), a company specializing in clean energy projects for industrial decarbonization, has announced amendments to the terms of its warrants, following unanimous consent from warrant holders. The changes, effective as of June 4, 2025, include an extension of the exercise period and a reduction in the exercise price.
The original exercise periods for the warrants have been extended by 12 months. Now, 7,941,952 warrants are exercisable from April 30, 2025, until April 30, 2027, and an equal number of warrants can be exercised from May 30, 2026, to April 30, 2028. This adjustment provides warrant holders with a longer timeframe to exercise their options.
Additionally, the exercise price has been reduced from £0.20 to £0.10 per share, which is in line with the nominal value of the company’s ordinary shares. The board believes these amendments will improve the commercial viability of the warrants and potentially increase the capital inflow to the company.
The anticipated capital from the exercised warrants is expected to support the acceleration of Technologies New Energy’s biorefinery project pipeline and enhance its working capital position. Executive Chair and CEO José Meneses expressed gratitude to the warrant holders for their support and reaffirmed the company’s commitment to developing its biorefinery portfolio.
This strategic move aligns with the company’s focus on long-term growth and its dedication to advancing clean energy solutions. Further updates on the company’s progress are expected in the future. The information reported is based on a press release statement from Technologies New Energy plc.
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