Plurilock Provides an Update on the Status of Exercised Warrants
Plurilock Security (PLCKF) has provided an update on its warrant exercise program. As of March 13, 2025, investors have exercised warrants to purchase 22,502,494 common shares at an average price of $0.27, generating $6,089,936 in gross proceeds.
The company's Board and management have demonstrated confidence by exercising warrants for over 1.7 million common shares, valued at more than $440,000. This represents significant progress from previous updates, including October 2024 ($3.59M raised) and August 2024 ($2.19M raised).
The first tranche of $0.25 warrants will increase to $0.40 on April 25, 2025. Remaining $0.25 warrants could potentially bring over $2 million in additional funds. The company plans to use proceeds to support operational efficiency and expand its cybersecurity services footprint.
Plurilock Security (PLCKF) ha fornito un aggiornamento sul suo programma di esercizio dei warrant. A partire dal 13 marzo 2025, gli investitori hanno esercitato i warrant per acquistare 22.502.494 azioni ordinarie a un prezzo medio di $0,27, generando $6.089.936 in proventi lordi.
Il Consiglio di amministrazione e la direzione dell'azienda hanno dimostrato fiducia esercitando warrant per oltre 1,7 milioni di azioni ordinarie, valutate a più di $440.000. Questo rappresenta un progresso significativo rispetto agli aggiornamenti precedenti, inclusi ottobre 2024 ($3,59M raccolti) e agosto 2024 ($2,19M raccolti).
La prima tranche di warrant a $0,25 aumenterà a $0,40 il 25 aprile 2025. I rimanenti warrant a $0,25 potrebbero potenzialmente portare oltre $2 milioni di fondi aggiuntivi. L'azienda prevede di utilizzare i proventi per supportare l'efficienza operativa e ampliare la propria offerta di servizi di cybersecurity.
Plurilock Security (PLCKF) ha proporcionado una actualización sobre su programa de ejercicio de warrants. A partir del 13 de marzo de 2025, los inversores han ejercido warrants para comprar 22.502.494 acciones ordinarias a un precio promedio de $0,27, generando $6.089.936 en ingresos brutos.
La Junta y la dirección de la empresa han demostrado confianza al ejercer warrants por más de 1,7 millones de acciones ordinarias, valoradas en más de $440.000. Esto representa un progreso significativo respecto a las actualizaciones anteriores, incluyendo octubre de 2024 ($3,59M recaudados) y agosto de 2024 ($2,19M recaudados).
La primera tranche de warrants a $0,25 aumentará a $0,40 el 25 de abril de 2025. Los warrants restantes a $0,25 podrían potencialmente aportar más de $2 millones en fondos adicionales. La empresa planea utilizar los ingresos para apoyar la eficiencia operativa y expandir su presencia en servicios de ciberseguridad.
Plurilock Security (PLCKF)는 그들의 워런트 행사 프로그램에 대한 업데이트를 제공했습니다. 2025년 3월 13일 기준으로, 투자자들은 평균 가격 $0.27에 22,502,494주의 보통주를 구매하기 위해 워런트를 행사하였으며, 총 $6,089,936의 수익을 창출했습니다.
회사의 이사회와 경영진은 $440,000 이상의 가치가 있는 170만 주 이상의 보통주에 대한 워런트를 행사함으로써 신뢰를 보였습니다. 이는 이전 업데이트에 비해 상당한 진전을 나타내며, 2024년 10월 ($3.59M 모금) 및 2024년 8월 ($2.19M 모금)을 포함합니다.
첫 번째 트랜치의 $0.25 워런트는 2025년 4월 25일에 $0.40로 증가합니다. 남은 $0.25 워런트는 추가로 200만 달러 이상의 자금을 가져올 수 있습니다. 회사는 수익을 운영 효율성을 지원하고 사이버 보안 서비스의 범위를 확장하는 데 사용할 계획입니다.
Plurilock Security (PLCKF) a fourni une mise à jour sur son programme d'exercice des warrants. À partir du 13 mars 2025, les investisseurs ont exercé des warrants pour acheter 22.502.494 actions ordinaires à un prix moyen de 0,27 $, générant 6.089.936 $ de produits bruts.
Le conseil d'administration et la direction de l'entreprise ont démontré leur confiance en exerçant des warrants pour plus de 1,7 million d'actions ordinaires, d'une valeur de plus de 440 000 $. Cela représente des progrès significatifs par rapport aux mises à jour précédentes, y compris octobre 2024 (3,59 millions de dollars levés) et août 2024 (2,19 millions de dollars levés).
La première tranche de warrants à 0,25 $ augmentera à 0,40 $ le 25 avril 2025. Les warrants restants à 0,25 $ pourraient potentiellement rapporter plus de 2 millions de dollars de fonds supplémentaires. L'entreprise prévoit d'utiliser les produits pour soutenir l'efficacité opérationnelle et élargir son offre de services de cybersécurité.
Plurilock Security (PLCKF) hat ein Update zu seinem Warrant-Übungsprogramm bereitgestellt. Stand 13. März 2025 haben Investoren Warrants ausgeübt, um 22.502.494 Stammaktien zu einem durchschnittlichen Preis von $0,27 zu erwerben, was zu einem Bruttoertrag von $6.089.936 geführt hat.
Der Vorstand und das Management des Unternehmens haben Vertrauen demonstriert, indem sie Warrants für über 1,7 Millionen Stammaktien ausgeübt haben, die mehr als $440.000 wert sind. Dies stellt einen erheblichen Fortschritt im Vergleich zu früheren Updates dar, einschließlich Oktober 2024 ($3,59M gesammelt) und August 2024 ($2,19M gesammelt).
Die erste Tranche von $0,25 Warrants wird am 25. April 2025 auf $0,40 steigen. Die verbleibenden $0,25 Warrants könnten potenziell über $2 Millionen an zusätzlichen Mitteln einbringen. Das Unternehmen plant, die Erlöse zur Unterstützung der Betriebseffizienz und zur Erweiterung seines Angebots an Cybersicherheitsdiensten zu verwenden.
- Raised $6.09M through warrant exercises at $0.27 average price
- Strong insider confidence with management exercising $440K in warrants
- Potential for additional $2M from remaining warrant exercises
- Consistent progress in warrant exercises shown through multiple updates
- Warrant exercise price increasing from $0.25 to $0.40, potentially reducing exercise rate
- Warrant exercises result in share dilution for existing stockholders
First tranche of
$0.25 warrants ratcheting to$0.40 on April 25, 2025Over 22 million
$0.25 warrants exercised since free trading was announced raising more than$6 million Remaining
$0.25 warrants could bring over$2 million in additional funds
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2025) - Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) ("Plurilock" or the "Company"), a global cybersecurity services and solutions provider, provides the market with an update on the exercising of the first tranche of warrants which were issued upon closing of the oversubscribed private placement in April 2024.
Management is pleased to announce that as of March 13, 2025, warrants were exercised to purchase 22,502,494 of the Company's common shares at an average price of
This is an increase from prior updates, including the October 7, 2024 announcement that 13,627,613 warrants were exercised at an average price of
First Tranche of
With the first tranche of
Plurilock remains focused on driving operational efficiency, expanding its commercial and federal cybersecurity footprint, and delivering long-term shareholder value. The Company expects continued momentum in 2025, supported by strong demand for its cybersecurity services and strategic growth initiatives.
About Plurilock
Plurilock sells cybersecurity solutions to the United States and Canadian Federal Governments along with Global 2000 companies. Through these relationships, Plurilock sells its unique brand of Critical Services, aiding clients with our expertise to defend against, detect, and prevent costly data breaches and cyberattacks.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566
Ali Hakimzadeh
Executive Chairman
ali@sequoiapartners.ca
604.306.5720
Sean Peasgood
Investor Relations
sean@sophiccapital.com
647.953.5607
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") related to future events or Plurilock's future business, operations, and financial performance and condition. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risk Factors" in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR+ at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244532
FAQ
How much has Plurilock Security (PLCKF) raised through warrant exercises as of March 2025?
When will Plurilock's (PLCKF) first tranche of $0.25 warrants increase to $0.40?
How many warrants have Plurilock's (PLCKF) Board and management exercised?
How much additional funding could Plurilock (PLCKF) receive from remaining warrants?
