New Risk • May 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$439k free cash flow). Share price has been highly volatile over the past 3 months (1,173% average daily change). Market cap is less than US$10m (€3.05m market cap, or US$3.56m). Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Revenue is less than US$5m (CA$2.4m revenue, or US$1.8m). Board Change • May 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Conor Bill was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 29
Xigem Technologies Corporation, Annual General Meeting, Jun 30, 2026 Xigem Technologies Corporation, Annual General Meeting, Jun 30, 2026. 공시 • May 08
Xigem Technologies Corporation, Annual General Meeting, Jun 24, 2025 Xigem Technologies Corporation, Annual General Meeting, Jun 24, 2025. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Conor Bill was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • May 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$158k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$158k free cash flow). Share price has been highly volatile over the past 3 months (1,607% average daily change). Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Revenue is less than US$1m (CA$694k revenue, or US$508k). Market cap is less than US$10m (€888.7k market cap, or US$964.2k). 공시 • May 26
Xigem Technologies Corporation, Annual General Meeting, Jun 25, 2024 Xigem Technologies Corporation, Annual General Meeting, Jun 25, 2024, at 09:00 US Eastern Standard Time. Agenda: AGM. 공시 • Mar 29
Xigem Technologies Corporation announced that it expects to receive CAD 0.105 million in funding Xigem Technologies Corporation announces non-brokered private placement of 2,500,000 units at an issue price of CAD 0.042 per unit for gross proceeds of CAD 105,000 on March 28, 2024. Each unit consists of one common share in the capital of the company and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share for a period of 24 months from closing at an exercise price of CAD 0.065. The transaction will include participation from Brian Kalish, the CEO and a director of the company for 595,238 units for CAD 25,000. The common shares will be subject to a four-month-and-one-day hold period. 공시 • Feb 26
Xigem Technologies Corporation announced that it expects to receive CAD 0.23 million in funding Xigem Technologies Corporation announced a private placement of 5,476,190 units at a price of CAD 0.042 per unit for gross proceeds of CAD 229,999.98 on February 26, 2024. Each unit would consist of one common share and one whole warrant entitling the holder of each warrant to purchase a common share at a price of CAD 0.065 for up to 24 months. The private placement shares would, if issued, be done so in accordance with the policies of the CSE. The private placement shares may be issued to certain insiders of the company. All the shares to be issued will be subject to a four-month and one-day hold period. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Conor Bill was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Conor Bill was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Conor Bill was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 