OpenWorld files draft information statement
OPNW•OpenWorld shareholders authorized the issuance of 5,035,970 shares upon exercise of warrants issued in an offering that generated approximately $3.5 million in gross proceeds.
1. Warrant details
The warrants were issued in a registered direct offering completed October 30, 2026. Series A warrants cover 2,517,985 shares at $1.53 each and expire five years after stockholder approval; Series B warrants cover the same number of shares at $1.39 each and expire 18 months after approval. Exercise could dilute existing shareholders, and sales of the underlying shares could adversely affect the stock price.
