Shree Pacetronix Limited announced a private placement of 3,500,000 convertible warrants on July 21, 2022. The transaction will include participation from person belonging to promoter and promoter group. The warrants will be issued at preferential basis.

The investors would invest 25% of the exercise price of warrants as upfront payment. The remaining 75% would be payable upon exercise of these warrants. Each warrant is convertible into 1 equity share.

The warrants issued would expire in 18 months from the date of issue. The transaction has been approved by board of directors and is subject to approval from the shareholders.