06:06:25 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Marble Financial Inc
Symbol MRBL
Shares Issued 93,595,153
Close 2022-05-20 C$ 0.10
Market Cap C$ 9,359,515
Recent Sedar Documents

Marble temporarily reduces exercise price to 10 cents

2022-05-24 17:23 ET - News Release

Mr. Mike Marrandino reports

MARBLE FINANCIAL LOWERS WARRANT EXERCISE PRICES AS A TEMPORARY MEASURE

Marble Financial Inc. will temporarily reduce the exercise price of its warrants to 10 cents for a period of 30 days ending on June 24, 2022. In accordance with the policies of the Canadian Stock Exchange (CSE), any warrants issued as compensation to agents and finders are not eligible for and are excluded from the exercise price reduction.

A summary of the company's current outstanding warrants eligible for the temporary exercise price reduction is as set out in the attached table.

If an eligible warrant is exercised at the reduced exercise price within the 30-day period, each common share issued on exercise will be accompanied by an additional common share purchase warrant entitling the holder to purchase one common share of the company at a price of 20 cents until Dec. 24, 2023.

Upon the expiry of the 30-day period, any unexercised eligible warrants will revert back to their original exercise price and expiry date.

Marble will use the proceeds from the exercise of the eligible warrants for general working capital and to finance the binding LOI (letter of intent) transaction between eBunch Data and Development Ltd. and the company (see news release dated April 28, 2022).

About Marble Financial Inc.

Marble's proprietary MyMarble platform utilizes the power of machine learning, data science and artificial intelligence in leveraging its proven data-driven strategies through technology solutions to engage in and navigate a clear path toward financial well-being and a meaningful credit score for consumers and a proprietary risk score alternative data for financial institutions and alternative lenders. Since 2016, Marble is proud to have empowered thousands of marginalized consumers to a positive financial future, and the company continues to establish itself as leaders in financial wellness through the licensing of its proprietary products on the MyMarble Platform and through Inverite.

We seek Safe Harbor.

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