Max Power says Sprott stake rises to 19.5% after $10 million unit buy, 30.5% on diluted basis
Reuters2026/08/10 12:37- Eric Sprott agreed to buy 4,000,000 units at $2.5 per unit in a $10 million placement, with closing targeted around Aug. 17, 2026.
- Before closing, Sprott held 30,984,979 shares, or 17.6% non-diluted, rising to 27.8% partially diluted including warrants.
- Post-closing, holdings rise to 34,984,979 shares, or 19.5% non-diluted, rising to 30.5% partially diluted including warrants.
- Sprott agreed not to exercise warrants above a 19.9% ownership threshold unless shareholders approve a control-person resolution on Aug. 20, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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