Founders converted previous royalty structure on EMP projects to long-dated warrants exercisable at $1.25 per share (expiring 2026-2027) to remove potential investor friction from royalty arrangements
factualpending
Speaker
Carl CottEvidence Quote
“the royalty structure... we converted it to a long warrant... exercisable at a125... to really turn off investors”
Created: 8/13/2026, 4:58:55 AM
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