Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS EQUITY

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SHAREHOLDERS EQUITY
 9 Months Ended
Sep. 30, 2023
SHAREHOLDERS EQUITY  
Shareholders Equity

7. SHAREHOLDERS’ EQUITY

 

Shares Outstanding

 

The table below details the change in Company shares outstanding by class during the nine months ended September 30, 2023:

 

 

 

Subordinate

 

 

Super

 

(in thousands)

 

Voting Shares

 

 

Voting Shares

 

Balance-December 31, 2022

 

 

 12,177

 

 

 

 20

 

Balance-September 30, 2023

 

 

 12,177

 

 

 

 20

 

 

Warrants

 

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

 

 (in thousands)

 

 

 

Balance-December 31, 2022

 

 

 17,343

 

Balance-September 30, 2023

 

 

 17,343

 

 

In October 2023, the Company repurchased its outstanding Convertible Debentures and 15,052 warrants were cancelled. Refer to Note 18 Subsequent Events for further details of the transaction.