{"id":58816,"date":"2024-02-01T13:02:24","date_gmt":"2024-02-01T12:02:24","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/antibe-extends-early-warrant-exercise-incentive-program\/"},"modified":"2024-02-01T13:02:24","modified_gmt":"2024-02-01T12:02:24","slug":"antibe-extends-early-warrant-exercise-incentive-program","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/antibe-extends-early-warrant-exercise-incentive-program\/","title":{"rendered":"Antibe Extends Early Warrant Exercise Incentive Program"},"content":{"rendered":"
\n

TORONTO–(BUSINESS WIRE)–$ATBPF<\/a>–Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical stage company leveraging its hydrogen sulfide platform to develop next-generation safer therapies that target inflammation, is extending the Early Warrant Exercise Incentive Program (\u201cEarly Warrant Exercise Program<\/b>\u201d) for its 6.4 million outstanding and unlisted share purchase warrants having an exercise price of $1.50 (\u201cExercise Price<\/b>\u201d) and expiring on July 31, 2024 (the \u201cWarrants<\/b>\u201d).<\/p>\n

<\/a>
<\/a><\/p>\n

\nThe existing Early Warrant Exercise Program announced on December 29, 2023 is designed to encourage the early exercise of the Warrants during a 30-day early exercise period that commenced on January 16, 2024 and terminates on February 15, 2024 (the \u201cIncentive Period<\/b>\u201d). Under the Early Warrant Exercise Program, the Company is offering a reduction in the Exercise Price from $1.50 to $1.00 to holders of the Warrants who exercise during the Incentive Period. Today\u2019s announcement extends the termination date of the Incentive Period to March 31, 2024 (the \u201cExtension<\/b>\u201d). After March 31, 2024, the Exercise Price of the Warrants will revert to $1.50 per common share.<\/p>\n

\n\u201cAfter discussions with our warrantholders, we want to offer them more time to exercise under this program,\u201d commented Dan Legault, Antibe\u2019s CEO. \u201cCorrespondingly, the extension supports our goals to further strengthen our balance sheet and simplify our cap table as we head into otenaproxesul\u2019s Phase II trial \u2013 on track to launch next month.\u201d<\/p>\n

\nNone of the Warrants are held by insiders of the Company.<\/p>\n

\nThe Toronto Stock Exchange has provided conditional approval for the Extension with an effective date of February 16, 2024.<\/p>\n

\nAbout Antibe Therapeutics Inc.\u00a0
\n
<\/b>Antibe is a clinical stage biotechnology company leveraging its proprietary hydrogen sulfide platform to develop next-generation safer therapies that target inflammation arising from a wide range of medical conditions. The company\u2019s current pipeline includes assets that seek to overcome the gastrointestinal (\u201cGI\u201d) ulcers and bleeding associated with nonsteroidal anti-inflammatory drugs (\u201cNSAIDs\u201d). Antibe\u2019s lead drug, otenaproxesul, is in clinical development as a safer alternative to current NSAIDs and opioids for acute pain. Antibe\u2019s second pipeline drug, ATB-352, is being developed for a specialized acute pain indication. The company\u2019s anticipated next target is inflammatory bowel disease (\u201cIBD\u201d), a condition long in need of safer, more effective therapies. Learn more at antibethera.com<\/a>.<\/p>\n

\nForward-Looking Statements\u00a0
\n
<\/b>This press release contains forward-looking statements identified by words such as \u201cexpects\u201d, \u201cwill\u201d and similar expressions, which reflect the Company\u2019s current expectations regarding future events. This forward-looking information includes statements with respect to, among other things, amendments to the Warrants and receipt by the Company of final approval of the Toronto Stock Exchange in respect of amendments to the Warrants. <\/i>Forward-looking information is based on the opinions and estimates of management as well as certain assumptions at the date the information is given (including, in respect of the forward-looking information contained in this press release, assumptions regarding: receipt of final approval of the Toronto Stock Exchange in respect of the amendment to the Warrants). The forward-looking statements involve risks and uncertainties that could cause the Company\u2019s actual events to differ materially from those projected herein. Investors should consult the Company\u2019s ongoing quarterly filings and annual reports for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update or revise it to reflect new events or circumstances, except as required by law.<\/p>\n

Contacts<\/b> <\/p>\n

\nAntibe Therapeutics Inc.<\/b>
Christina Cameron
\n
VP Investor Relations
\n
+1 416-577-1443
\n
christina@antibethera.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

TORONTO–(BUSINESS WIRE)–$ATBPF–Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical stage company leveraging its hydrogen sulfide platform to develop next-generation safer therapies that target inflammation, is extending the Early Warrant Exercise Incentive Program (\u201cEarly Warrant Exercise Program\u201d) for its 6.4 million outstanding and unlisted share purchase warrants having an exercise price of $1.50 (\u201cExercise Price\u201d) … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-business","4":"post-58816","6":"format-standard","7":"category-industry"},"yoast_head":"\nAntibe Extends Early Warrant Exercise Incentive Program - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/antibe-extends-early-warrant-exercise-incentive-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Antibe Extends Early Warrant Exercise Incentive Program - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"TORONTO–(BUSINESS WIRE)–$ATBPF–Antibe Therapeutics Inc. (TSX: ATE, OTCQX: ATBPF), a clinical stage company leveraging its hydrogen sulfide platform to develop next-generation safer therapies that target inflammation, is extending the Early Warrant Exercise Incentive Program (\u201cEarly Warrant Exercise Program\u201d) for its 6.4 million outstanding and unlisted share purchase warrants having an exercise price of $1.50 (\u201cExercise Price\u201d) ... 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