Carbeeza Seeks Approval for Warrant Extension and Repricing

Carbeeza Inc., a Canadian software company focused on the automotive market, has applied to the TSX Venture Exchange to extend the expiry date and reduce the exercise price for 4,700,000 common share purchase warrants. This includes 4,000,000 warrants issued via a private placement on March 1, 2024, now seeking an extension from September 1, 2025, to September 1, 2026, with a reduced price from $0.25 to $0.15.

The remaining 700,000 warrants, from a placement on July 29, 2024, are also proposed to have their expiration extended from January 29, 2026, to January 29, 2027, with a price reduction from $0.20 to $0.15. All warrant holders are non-insiders. The proposed changes are pending approval.