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

© Edgar Online, source Glimpses