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LONDON - Valereum Plc (AQSE:VLRM) has entered into an option agreement to potentially cancel 2 million warrants exercisable at £0.005 per ordinary share, according to a press release statement issued Wednesday.
The blockchain technology company has paid £10,000 to acquire the option, which can be exercised at Valereum’s discretion within a five-month period ending February 26, 2026. If exercised, the company would pay an additional £90,000 cancellation fee to the unnamed service provider.
Should Valereum choose not to exercise the option during this period, the warrants would be transferred to a new warrant holder with the company’s consent, according to the terms outlined in the agreement.
The option agreement was signed on September 26, and the company’s directors stated they believe the purchase of this option is in the best interests of shareholders.
The warrants in question would allow the holder to purchase ordinary shares of £0.001 each in Valereum at the exercise price of £0.005 per share.
Valereum, which trades on the Aquis Stock Exchange under the ticker VLRM, did not disclose the identity of the service provider holding the warrants or provide details about the original terms under which the warrants were issued.
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