Theralase Technologies Inc. (TLT.WT) Warrant
Each TLT.WT warrant gives the holder the right to buy 1 share of Theralase Technologies Inc. at C$0.32 per share, until May 20, 2031. The stock last closed at C$0.17, below the strike, so the warrant is out of the money. Theralase Technologies Inc. has a market value of about C$44.99M. There are 70.12M listed warrants; exercising all of them would add 27.3% to the 257.06M shares outstanding.
TLT vs strike, last 12 months
No share-price history for TLT yet.
Key terms
- Strike per share
- C$0.32
- Shares per warrant
- 1
- Cash to exercise one warrant
- C$0.3200
- Expiry
- 2031-05-20
- Redemption trigger
- none stated
- Cashless exercise
- —
- Acceleration clause
- none
- Break-even stock price
- C$0.42
From the issuer's filing.
Company and stock
- Company
- Theralase Technologies Inc.
- Underlying stock
- TLT
- Share price
- C$0.17
- Market cap
- C$44.99M
- Shares outstanding
- 257.06M
- Value of all listed warrants
- C$7.01M (15.6% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-10-03).
Model value vs price Pro
- Model value
- Last price
- C$0.1000
- Price / model
Get Pro to see whether TLT.WT is cheap or rich against our model.
Dilution
- Shares outstanding
- 257.06M
- Listed warrants
- 70.12M
- Dilution if all exercised
- 27.3%
Warrant count from TMX listing data (listed warrants).
Filings and events
Questions about TLT.WT
When does the TLT.WT warrant expire?
TLT.WT expires on May 20, 2031.
What is the strike price of TLT.WT?
C$0.32 per share; each warrant converts into 1 share, so exercising one warrant costs C$0.3200.
Can Theralase Technologies Inc. redeem the TLT.WT warrants early?
The source filing we read lists no stock-price redemption trigger.
How many TLT.WT warrants are outstanding?
70.12M listed warrants, equal to 27.3% dilution if all are exercised.