Board authorization to issue common stock upon warrant exercise at $3.00
Company: Riot
The claim, verbatim
Board granted ability to issue up to $8,500,000 of common stock upon exercise of warrants issued in private placements on March 10 and March 16, 2017, at amended exercise price of $3.00
Source (primary)
Riot PRE 14A filed 2017-04-28 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “THE ABILITY TO ISSUE UP TO $8,500,000 OF COMMON STOCK UPON EXERCISE OF WARRANTS TO PURCHASE SHARES OF OUR COMMON STOCK THAT WERE ISSUED IN PRIVATE PLACEMENTS ON MARCH 10, 2017 AND MARCH 16, 2017, AT AN AMENDED EXERCISE PRICE OF $3.00”
How we checked this
Checked on September 29, 2026. The cited source supports part of this claim, but not all of it.
This is a preliminary proxy statement that proposes giving the board this authority. It does not show that the authority was ever granted.
Confirmed in the source:
- Warrants to purchase common stock were issued in private placements on March 10, 2017 and March 16, 2017
- The company proposed temporarily amending the exercise price of those warrants to $3.00 per share
- Shareholders were asked to grant the board discretion to issue up to $8,500,000 of common stock upon exercise of those warrants
We could not confirm this from the cited source:
- The board was actually granted the ability to issue up to $8,500,000 of common stock at the $3.00 exercise price. This preliminary proxy only asks shareholders to approve that authority and does not report the outcome of any vote.
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997317000253/bioptix_pre14a-17.htm) in full (361,530 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot PRE 14A filed 2017-04-28
Quote: “THE ABILITY TO ISSUE UP TO $8,500,000 OF COMMON STOCK UPON EXERCISE OF WARRANTS TO PURCHASE SHARES OF OUR COMMON STOCK THAT WERE ISSUED IN PRIVATE PLACEMENTS ON MARCH 10, 2017 AND MARCH 16, 2017, AT AN AMENDED EXERCISE PRICE OF $3.00”