X1 Esports and Entertainment Ltd. (TSE:XONE) has released an update.
X1 Esports and Entertainment Ltd. has announced the cancellation of 360,000 stock options that were previously granted under the company’s stock option plan. The options, originally issued on June 28, 2022 at $2.25 per share, were surrendered by their holders and will be reissued at or above market price thirty days after their cancellation. This move comes as the company maintains authority to issue up to 10% of its outstanding shares through its Board of Directors.
For further insights into TSE:XONE stock, check out TipRanks’ Stock Analysis page.
