Abaxx Technologies calls warrants, provides corporate update

Abaxx Technologies (ABXXF) has exercised its right to call all 500,000 outstanding common share purchase warrants issued in connection with its October 20, non-brokered private placement financing. The Warrants issued in connection with Abaxx’s October 2025 private placement contained a provision allowing Abaxx to exercise a redemption right to call the Warrants in the event the daily VWAP of Abaxx’s common shares traded on Cboe Canada exceeded C$41.76 per common share for a period of twenty consecutive trading days. Abaxx has provided notice to the warrantholder that it intends to exercise its right to redeem any Warrants outstanding as of January 16, 2026 at a price of C$0.01 per Warrant. The warrantholder has the right to exercise the Warrants at a price of $25.00 per common share until January 15, 2026. Assuming the full exercise of the Warrants by the warrantholder, Abaxx’s cash and liquid assets would total approximately C$65.5M, with C$35M in mark-to-market securities as of the date of this news release. The exercise of any Warrants prior to the Redemption Date remains at the discretion of the warrantholder. Abaxx Exchange recorded its highest daily trading volume to date on December 10, 2025, with 3,976 lots traded across Gold Singapore, Gulf of Mexico LNG, North Pacific Asia LNG, and CORSIA Phase One carbon futures. Increased activity reflects continued onboarding across trading firms, clearing members, and brokers, alongside expanded market access following the Exchange’s Foreign Board of Trade registration and the continued rollout of new contracts, including weather-linked futures.