RE: Downtrend lows?18 Nov 2024 14:05
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GEX, Operational Update, is a loan conversion, 6,358,848 warrants
The Company has received notice from CSS ALPHA FUND AIFLNP V.C.I.C. LTD ("CSS Alpha") to exercise 6,358,848 warrants for nil consideration
The Warrants were originally issued to CSS Alpha for providing an extension to a bridging loan in the 2024 financial year. Upon conversion, the shares are subject to a lock-in until January 2025.
So...
Total Warrants following admission, 16,367,380
CSS ,........................................... 13,034,048
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CSS share of Fully diluted holding 14,807,490 .....9.7%