Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS EQUITY

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SHAREHOLDERS EQUITY
12 Months Ended
Dec. 31, 2023
SHAREHOLDERS EQUITY  
Shareholders Equity

7. SHAREHOLDERS’ EQUITY

 

Shares Outstanding

 

The table below details the change in Company shares outstanding by class during year ended December 31, 2023:

 

 

 

Subordinate

 

 

Super

 

(in thousands)

 

Voting Shares

 

 

Voting Shares

 

Balance-December 31, 2022

 

 

12,177

 

 

 

20

 

Issuance of vested restricted stock units

 

 

4

 

 

 

-

 

Issuance of shares in convertible debt conversion

 

 

6,843

 

 

 

-

 

Balance-December 31, 2023

 

 

19,024

 

 

 

20

 

 

Warrants

 

A reconciliation of the beginning and ending balances of warrants outstanding is as follows:

 

(in thousands)

 

 

 

Balance-December 31, 2022

 

 

17,343

 

Warrants canceled in conjunction with convertible debt conversion

 

 

(15,052 )

Warrants expired

 

 

(1,165 )

Balance-December 31, 2023

 

 

1,126