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Earthworks Industries ( (TSE:EWK) ) has provided an announcement.
Earthworks Industries Inc. has proposed amendments to its outstanding option agreements, affecting a total of 1,250,000 shares. The company plans to reduce the exercise prices of these options to $0.15 per share and extend the exercise deadline to July 31, 2027. These changes are intended to make the options more attractive as they are currently ‘out of the money.’ The amendments require acceptance by the TSX Venture Exchange, and for 625,000 options held by insiders, independent shareholder approval is necessary, which will be sought at the next AGM. This move could potentially enhance shareholder value and improve the company’s market positioning.
More about Earthworks Industries
Earthworks Industries Inc. operates within the financial sector, focusing on managing and amending option agreements related to its shares. The company is listed on the TSX Venture Exchange and the OTCQB, indicating its involvement in public trading markets.
Average Trading Volume: 60,088
Technical Sentiment Signal: Sell
Current Market Cap: C$5.14M
For a thorough assessment of EWK stock, go to TipRanks’ Stock Analysis page.