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Stock impact report

XORTX Reprices Warrants Issued in Connection with Previous Private Placements [Financial Post (Toronto, Ontario, Canada)]

XORTX Therapeutics Inc. (XRTX) 
Company Research Source: Financial Post
CALGARY, Alberta, April 30, 2024 (GLOBE NEWSWIRE) — XORTX Therapeutics Inc. (“ XORTX ” or the “ Company ”) (NASDAQ: XRTX | TSXV: XRTX | Frankfurt: ANU), a late stage clinical pharmaceutical company focused on developing innovative therapies to treat progressive kidney disease, announces that further to its press release of March 11, 2024, the Company has received TSX Venture Exchange approval to amend the terms of an aggregate of 1,024,099 outstanding common share purchase warrants (“ Warrants ”) by amending the exercise price to USD $5.00 per share as follows: Article content 198,333 of the Warrants were issued pursuant to Private Placement that closed on February 9, 2021. The Warrants had an original exercise price of CAD $42.26 per share ($0.40 adjusted to reflect consolidations that occurred on September 20, 2021 and November 10, 2023). The TSXV has approved an amended exercise price of USD $5.00 (on a post-consolidation basis). Article content 270,211 of the Warrants wer Show less Read more
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