Grey Matters amends CAD 1 million private placement, extends warrant term to 3 years

  • Grey Matters amended terms of its non-brokered private placement targeting gross proceeds of CAD 1 million.
  • Offering remains priced at CAD 0.4 per unit, each with one Class A common share, one common share purchase warrant.
  • Warrants now run for 36 months from issuance, exercisable at CAD 0.6 per share.
  • Acceleration feature removed, extending potential warrant overhang while improving investor terms.
  • Proceeds earmarked for its Alzheimer’s program, including plans to open a first U.S. brain-specific neuroimaging clinic.


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