VANCOUVER, British Columbia – January 7, 2026 – TheNewswire - Grounded People Apparel Inc. (“Grounded” or the “Company”) (CSE: SHOE.X) (OTCQB: GPAIF) (Frankfurt: K1G, WKN: A3DVB1) announces that it has cancelled an aggregate of 4,111,667 common share purchase warrants (the “Warrants”).

 

The cancelled Warrants were originally issued pursuant to private placements completed on December 27, 2023, April 17, 2024, August 12, 2024, and November 20, 2024. The Warrants entitled the holders thereof to acquire one common share of the Company at exercise prices of $0.50, $1.00, $0.75, and $0.71 per share, with expiry dates of December 27, 2028, April 17, 2029, August 12, 2029, and November 20, 2029, respectively.

 

The Warrants were cancelled voluntarily by the holders, and no consideration was paid by the Company in connection with such cancellation.

 

Following the cancellation of the Warrants, the Company has no common share purchase warrants outstanding.

 

The cancellation of the Warrants does not affect the number of common shares of the Company issued and outstanding.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

“Maximilian Justus”

 

Maximilian Justus

Chief Executive Officer

 

For further information, please contact:

Email: investors@groundedpeople.com

Telephone: 1-844-673-6753

  

CAUTIONARY DISCLAIMER STATEMENT

 

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.