PyroGenesis Announces Warrant Repricing

MONTREAL, Jan. 31, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, announced today that up to 1,710,350 common share purchase warrants (the “Warrants”) will be amended. Of the 1,710,350 Warrants, 1,520,350 Warrants currently have an exercise price of $0.75 and 190,000 Warrants currently have an exercise price of $1.25. The Warrants will expire on March 7, 2025. Commencing on February 17, 2025, the exercise price of the Warrants held by holders wishing to participate in this repricing will be reduced to $0.60 per share. The warrant certificates will also be amended to reflect the recent change in PyroGenesis’ corporate name and address. All other terms of the Warrants will remain unchanged. The implementation of the repricing and amendments remain subject to the finalization of the documentation with the applicable holders of Warrants.