04:22 PM EDT, 07/22/2025 (MT Newswires) -- EMERGE Commerce ( EMCMF ) shares closed down 10% on Tuesday after providing shareholders with an update on the company's capital structure.

Of the 15-million warrants with an exercise price of $0.10, roughly 12.3 million expired unexercised, while 2.7-million out-of-the-money warrants were exercised at $0.10, leading to $270,000 in cash proceeds for the company.

In addition, chief executive Ghassan Halazon disclosed he exercised approximately 91,000 stock options at $0.11 per unit.

"With today's announcement, we have both streamlined our capital structure and strengthened our cash position. I'm deeply grateful to our long-term shareholders who have stood by us since the early days of this turnaround, and especially to the investors who exercised their $0.10 warrants as a powerful vote of confidence in EMERGE's future," Halazon said in statement.

EMERGE is a Canadian e-commerce and retail portfolio of premium brands.

The company's shares closed down $0.01 to $$0.085 on the TSX Venture Exchange.