Insights on the Convertible Debentures of DIAGNOS Inc.

Author: Owen Jenkins Updated: 04-14-2025 04:00 PM

Understanding the Amendment to Convertible Debentures

Diagnos Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A) is at the forefront of utilizing Artificial Intelligence (AI) to enhance the early detection of specific ophthalmic health issues. Recently, DIAGNOS has provided essential updates regarding its convertible debentures, initially announced on February 28, 2025.

Key Information on Insider Ownership

Mr. André Larente, a notable insider and beneficial owner, holds two convertible debentures subject to an amendment, amounting to a total value of $20,000. If these debentures are converted and combined with his other outstanding securities, Mr. Larente could possess a total of 2,188,115 Common Shares in the Corporation, which translates to 2.15% of the company’s issued Common Shares on a partially diluted basis.

Understanding Related Party Transactions

Mr. Larente is classified as a “related party” as per the guidelines laid out in the Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The transformation of the convertible debentures is exempt from certain requirements stipulated in MI 61-101 due to the fair market value of his participation in the amendments being less than 25% of DIAGNOS’s current market capitalization.

Approval Process and Conditions

To ensure that the best interests of DIAGNOS and its shareholders are considered, the board of directors has thoroughly reviewed and sanctioned the amendment to the convertible debentures. However, it remains important to note that this amendment is pending acceptance from the TSX Venture Exchange and requires the formal execution of documentation.

Financial Transactions and Market Practices

All financial figures mentioned in this communication are expressed in lawful Canadian currency. This kind of financial clarity is crucial for investors and stakeholders who are interested in the operations of DIAGNOS and its future directions.

About DIAGNOS Inc.

DIAGNOS is a publicly traded entity focused on the early identification of critical eye health issues, utilizing cutting-edge AI technology. The mission of DIAGNOS is to equip healthcare professionals with enhanced diagnostic tools, thereby improving patient care and outcomes globally.

Discover More About Our Services

For those wishing to explore more about DIAGNOS and its advancements in ophthalmic health, you can find additional information on their official website at www.diagnos.com or via www.sedarplus.com.

Frequently Asked Questions

What is DIAGNOS known for?

DIAGNOS specializes in the early detection of ophthalmic health problems using AI technology.

What recent updates have been made regarding the convertible debentures?

The company announced amendments and provisions involving insider ownership and approvals.

Who is André Larente?

He is an insider of DIAGNOS and owns convertible debentures that are being amended.

What is MI 61-101?

It’s a regulation aimed at protecting minority security holders in special transactions in Canada.

Where can I find more information about DIAGNOS?

Visit their website at www.diagnos.com for updates and detailed information.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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