ITEM 8.01 OTHER ITEMS
Modification of Rights Offering Record Date and Expiration Date
On January 18, 2022 ALR Technologies Inc. ("we", "us", "our", and the "Company")
filed a prospectus dated January 18, 2022 (the "Prospectus"), which forms a part
of our post-effective amended Registration Statement on Form S-1, as amended
(Registration No. 333-249835). Pursuant to the Prospectus, we are distributing,
at no charge to our stockholders, non-transferable subscription rights to
purchase up to an aggregate of 101,025,592 shares of our common stock, $0.001
par value per share. The record date and the expiration date of the rights
offering are December 11, 2020 and February 28, 2022, respectively. Therefore,
in the rights offering, each shareholder of record as of 5:00 p.m. Eastern Time,
December 11, 2020 (the "Record Date"), will receive one (1) non-transferable
subscription right (a "Subscription Right") for each share of common stock held
by them on the Record Date. The original Expiration Date indicated in the
Prospectus was February 18, 2022, however the Company has elected to extend such
date to February 28, 2022. Each Subscription Right entitles the holder to
purchase one share of Common Stock at a subscription price of $0.05 per share.
Any Subscription Rights that are not exercised prior to 5:00 p.m., Eastern Time,
on the February 28, 2022 (the "Expiration Date") will expire, have no value and
cease to be exercisable for shares of Common Stock. There is no
over-subscription privilege: management may, at its discretion, allocate
unexercised subscription rights to non-shareholders within 150 days following
the expiration date of the offering. Subscription rights may only be exercised
in whole numbers; we will not issue fractional shares and will round all of the
subscription rights down to the nearest whole number.
Rights Offering Documents
The Company has incorporated into this Current Report on Form 8-K (as exhibits
99.1 through 99.8) the supporting documents accompanying the Prospectus which
will be distributed (as applicable) to the registered and beneficial holders of
record on the Record Date.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
99.1 Letter to Record Holders
99.2 Letter to Beneficial Holders
99.3 Form of Rights Certificate (and Instructions for Use of Rights Certificate)
99.4 Form of Notice of Guaranteed Delivery
99.5 Notice of Important Tax Information
99.6 Form of Letter to Clients of Nominee Holders
99.7 Form of Beneficial Holder Election Form
99.8 Nominee Holder Certification Form
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