IM Cannabis Corp. announced on August 13, 2025, that it has agreed with holders of its November 2024 Warrants to amend their terms. The exercise price of each warrant has been reduced from C$4.32 to C$3.43, and the expiration date has been extended from November 12, 2026, to July 31, 2030.
These amendments aim to make the warrants more appealing to holders, potentially encouraging their exercise and providing additional capital to the company. The changes were approved by the independent members of the board of directors.
Additionally, the company filed a resale registration statement on Form F-3 with the SEC, registering an aggregate of 4,982,517 Common Shares. This includes shares issuable upon exercise of various warrants, facilitating their potential resale by investors once the statement becomes effective.
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