Quarterly report pursuant to Section 13 or 15(d)

Common Shares and Warrants

v3.22.1
Common Shares and Warrants
6 Months Ended
Feb. 28, 2022
Common Shares and Warrants  
12. Common Shares and Warrants

12.

Common Shares and Warrants

 

In December of 2021, the Company entered a one-year media outreach agreement to SRAX Inc. and issued 224,299 shares as consideration for an aggregate value of $1.2m.

 

During the quarter ended February 28, 2022, the Company issued no warrants.

 

A continuity schedule for warrants is presented below:

 

 

 

Number of Warrants

 

 

Weighted Average  Exercise Price $

 

Balance August 31, 2020

 

 

471,608

 

 

 

16.77

 

Cancelled/expired

 

 

(44,161 )

 

 

67.50

 

Exercised

 

 

(610,189 )

 

 

6.58

 

Issued

 

 

2,630,017

 

 

 

6.58

 

Balance August 31, 2021

 

 

2,447,275

 

 

 

8.00

 

Cancelled/expired

 

 

(25,292 )

 

 

4.57

 

Balance February 28, 2022

 

 

2,421,983

 

 

 

8.04

 

 

A summary of warrants outstanding as of February 28, 2022, is presented below:

 

# of Warrants

 

 

Weighted Average Remaining Contractual Life

 

Weighted Average Exercise Price $

 

 

7,500

 

 

0.68 years

 

 

24.00

 

 

100,000

 

 

2.13 years

 

 

9.00

 

 

200,000

 

 

2.13 years

 

 

7.00

 

 

51,814

 

 

2.71 years

 

 

36.00

 

 

8,984

 

 

2.75 years

 

 

36.00

 

 

16,667

 

 

3.05 years

 

 

9.00

 

 

317,190

 

 

3.20 years

 

 

10.50

 

 

1,719,828

 

 

3.88 years

 

 

6.58

 

 

2,421,983

 

 

3.53 years

 

 

8.04