- PyroGenesis CEO P. Peter Pascali plans to sell 850,000 shares between April 10-May 9, 2025.
- The sale will reduce his ownership from 42.59% to 42.13%.
- Pascali's ownership could potentially increase to 45.21% with full exercise of warrants and options.
P. Peter Pascali, CEO of PyroGenesis (PYRGF, Financial), has announced a controlled sale of up to 850,000 common shares through an automatic securities disposition plan (ASDP) from April 10 to May 9, 2025. This plan permits the Fiducie de Crédit Mellon Trust to sell the shares, representing approximately 0.46% of the company's outstanding shares.
Currently, Pascali controls 79,517,781 shares, accounting for 42.59% of PyroGenesis's outstanding stock. Following the planned sale, his total holdings will decrease to 78,667,781 shares, translating to 42.13% ownership.
Despite the planned reduction in shares, Pascali holds various warrants and options which, if fully exercised, could augment his stake to 88,412,781 shares, or 45.21% of the company’s outstanding shares. This involves the potential issuance of additional shares through warrants and options expiring between June and July 2025 at exercise prices ranging from $0.41 to $3.38 per share.
The ASDP ensures that the shares are disposed of in an orderly manner through an independent broker, with trading conducted at prevailing market prices. This mechanism restricts Pascali from influencing the timing or pricing of the transactions.
For additional details on the report and Pascali's shareholding changes, the full early warning report is available under PyroGenesis' SEDAR+ profile. PyroGenesis, based in Montreal, is known for its innovative plasma technologies in metal powder production and environmental solutions.
