Forward Water Technologies Corrects Convertible Debenture Hold Period

Forward Water Technologies Corp. (FWTC) announced a correction to its previous release regarding the hold period for securities issued under its recent $200,000 convertible debenture issuance. The correct hold period expiration is December 20, 2024, not August 19, 2026.

The debentures, now concluded, carry a 10% annual interest rate. The principal converts automatically into units at $0.1126 upon the proposed share consolidation and business combination with Fraser Mackenzie Accelerator Corp. Each unit includes one FWTC common share and one purchase warrant, exercisable at $0.1579 until August 19, 2027.

A finder was compensated with an 8% fee and 142,096 finder warrants. These can be converted into FWTC shares at $0.1126 before August 19, 2026. All securities issued are under a hold period, expiring December 20, 2024.