DIAGNOS Expands Stock Warrant Exercise Period for Investors

DIAGNOS Announces Extension of Stock Warrants Exercise Period

DIAGNOS Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK, OTCQB: DGNOF, FWB: 4D4A) is making significant strides in the world of health technology. This Quebec-based company, renowned for its innovative approaches in early detection of critical health issues using Artificial Intelligence (AI), has shared news regarding its stock warrant exercise period. In light of recent developments, the Corporation plans to extend the exercise period of 1,414,286 stock warrants associated with a past private placement of units.

Details on the Warrant Extension

Initially, the exercise period for these warrants set to expire on a date now extended to provide current and potential investors more leeway. With the consent of the TSX Venture Exchange, the new expiry date will be moved to February 27, 2029. Throughout the extended period, the exercise price of $0.40 per share will remain unchanged, ensuring that the terms remain favorable for warrant holders.

Insider Participation and Regulations

Among the holders, there is a notable insider who possesses 357,143 warrants that will be affected by this amendment. This individual is classified as a “related party” based on governing regulations aimed at protecting minority security holders. Due to the minimal impact this amendment has on the Corporation's overall market capitalization—being under 25%—the regulation concerning valuation and minority approval is bypassed, streamlining the process for the corporation.

Key Board Decisions

The board of directors has conducted thorough reviews and reached unanimous decisions regarding this extension. Their focus has been on ensuring that the best interests of both the Corporation and its shareholders are prioritized. Stakeholders can be assured of the deliberate actions taken by the leadership, fostering a transparent atmosphere.

What’s Next for DIAGNOS?

Looking ahead, DIAGNOS is committed to keeping its stakeholders informed. Should there be any complications regarding the Exchange’s approval of the amendment, the Corporation plans to issue a supplemental press release. This commitment to communication is pivotal in maintaining the trust of its investors and the community.

About DIAGNOS Inc.

Founded to tackle pressing health challenges, DIAGNOS focuses on the early detection of eye-related health issues. The corporation has harnessed AI technology to equip healthcare professionals with improved diagnostic tools, ultimately aiming to enhance patient outcomes worldwide. Their dedication to innovation places them at the forefront of an essential industry, benefiting both healthcare providers and patients.

Stay Connected with DIAGNOS

For those interested in learning more about DIAGNOS's innovations and growth trajectory, additional information is readily available through their official communications. Whether it’s on their website or through official documents, the Corporation maintains an open line of communication regarding its developments and future ambitions.

Frequently Asked Questions

What is the new expiry date for the stock warrants?

The new expiry date for the stock warrants is February 27, 2029.

What is the exercise price for the warrants?

The exercise price for the warrants remains unchanged at $0.40 per share.

Who holds the majority of the stock warrants?

One insider of the Corporation holds 357,143 of the warrants.

What is the purpose of the warrant extension?

The extension provides investors with more flexibility in exercising their warrants, allowing for better financial planning.

How does DIAGNOS use AI in its business?

DIAGNOS leverages AI technology to enhance the accuracy of health diagnostics, particularly concerning eye-related conditions.

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