ALR Technologies (ALRTF) extends 4.91B CEO and director warrants to 2026
Rhea-AI Filing Summary
ALR Technologies SG Ltd. reports that on December 31, 2026 it modified certain share purchase warrants held by two senior insiders. The company extended the expiry date of 4,910,001,500 warrants held by CEO and Chairman Sidney Chan and VP and director Christine Kan from December 31, 2025 to December 31, 2026. Each warrant is exercisable into one ordinary share at an exercise price of $0.002 per share. This change keeps a large block of low-priced warrants in place for an additional year, preserving potential equity participation for these executives.
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Insights
ALR extends insiders’ very low-priced warrants by one year, preserving a large potential equity position.
ALR Technologies SG Ltd. has extended the expiry date of 4,910,001,500 share purchase warrants held by its CEO and Chairman, Sidney Chan, and VP and director, Christine Kan. The new expiry date moves from December 31, 2025 to December 31, 2026, and each warrant remains exercisable into one ordinary share at an exercise price of $0.002 per share.
This modification does not change the exercise price or the number of warrants, but it lengthens the time during which these insiders can convert warrants into shares at a very low price. The filing does not quantify how this compares to total shares outstanding, so the scale of potential dilution for other shareholders cannot be assessed from this information alone.
From a governance perspective, the decision highlights the board’s willingness to maintain a significant equity incentive for key insiders over a longer period. Future company filings that include total shares outstanding and details of any warrant exercises will provide more context on how these extended warrants affect ownership structure over time.