Annual report [Section 13 and 15(d), not S-K Item 405]

Note 13 - Warrants (Tables)

v3.25.1
Note 13 - Warrants (Tables)
12 Months Ended
Dec. 31, 2024
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrants Issued, Estimated and Record

A summary of the issue-date fair value, which was estimated using the Black-Scholes pricing model, and which was recorded as additional paid-in capital, of share purchase warrants issued during the year ended December 31, 2024 is as follows:

 

 

January 2024 Investor Warrants

 

 

Hanmi Warrants

 

 

Newbridge Warrants

 

 

Series A Warrants

 

 

Series B Warrants

 

 

HCW Warrants

 

 

November 2024 Investor Warrants

 

 

AGP Warrants

 

Issue-date Aptose share price

 

$

59.70

 

 

$

60.00

 

 

$

59.70

 

 

$

28.98

 

 

$

28.98

 

 

$

28.98

 

 

$

5.53

 

 

$

5.53

 

Exercise price

 

$

51.30

 

 

$

51.30

 

 

$

64.13

 

 

$

34.50

 

 

$

34.50

 

 

$

43.13

 

 

$

6.00

 

 

$

8.25

 

Risk-free interest rate

 

 

3.87

%

 

 

4.0

%

 

 

4.0

%

 

 

4.42

%

 

 

4.98

%

 

 

4.42

%

 

 

4.17

%

 

 

4.17

%

Expected dividend yield

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected volatility

 

 

83.00

%

 

 

83.00

%

 

 

83.00

%

 

 

83.31

%

 

 

80.02

%

 

 

83.31

%

 

 

85.02

%

 

 

85.02

%

Expected life (years)

 

 

5.0

 

 

 

5.0

 

 

 

5.0

 

 

 

5.0

 

 

 

1.5

 

 

 

5.0

 

 

 

5.0

 

 

 

5.0

 

Issue date fair value (per equivalent share)

 

$

42.19

 

 

$

42.40

 

 

$

39.97

 

 

$

19.48

 

 

$

10.20

 

 

$

17.87

 

 

$

3.45

 

 

$

3.36

 

Summary of Warrant Activity

A summary of warrant activity during the year ended December 31, 2024 is as follows:

 

 

 

 

 

 

 

 


 

 

 

 

Common Shares
Issuable upon
Exercise

 

 

Weighted average exercise price

 

 

Weighted average remaining contractual life (years)

 

Outstanding as of December 31, 2023

 

 

-

 

 

$

-

 

 

 

-

 

Issued

 

 

1,336,085

 

 

 

21.25

 

 

 

 

Exercised

 

 

(68,500

)

*

 

0.03

 

 

 

 

Outstanding as of December 31, 2024

 

 

1,267,585

 

 

$

22.40

 

 

 

4.4

 

Exercisable as of December 31, 2024

 

 

1,267,585

 

 

$

22.40

 

 

 

4.4

 

* Pre-Funded Warrants

 

 

 

 

 

 

 

 

 

 

Summary of Number of Outstanding Warrants by Exercise Price and Date of Expiration

The following table shows the number of outstanding warrants by exercise price and date of expiration as of December 31, 2024:

 

Shares Issuable Upon Exercise

 

Exercise Price

 

 

Expiration Date

 

 

 

 

 

 

 

 

128,500

 

 

$

34.50

 

 

March 5, 2026

 

18,084

 

 

$

64.13

 

 

January 30, 2029

 

188,174

 

 

$

51.30

 

 

January 30, 2029

 

77,972

 

 

$

51.30

 

 

January 31, 2029

 

6,423

 

 

$

43.13

 

 

June 3, 2029

 

128,500

 

 

$

34.50

 

 

September 5, 2029

 

666,599

 

 

$

6.00

 

 

November 25, 2029

 

53,333

 

 

$

8.25

 

 

November 25, 2029

 

1,267,585