Zimtu Capital Completes Warrant Exercise Incentive Program

Zimtu Capital Corp., a public investment issuer, announced the conclusion of its warrant exercise incentive program. The program resulted in the issuance of 4,359,687 incentive warrants to participating eligible holders. Each warrant allows conversion to one common share at $0.75 per share until 2027.

A total of 4,359,687 warrants were exercised, generating proceeds of $2,090,802.65. Details include 1,780,817 warrants at $0.45 and 2,578,870 warrants at $0.50, issued on various dates in 2023.

Proceeds are allocated for general capital purposes. Outstanding warrants remain exercisable under existing terms. Participation by certain directors and officers qualifies as a related party transaction, exempt from formal valuation and minority approval due to fair market value considerations.