This is what I call a dicx move!
why would you allow exercise of warrants below the current price. The company has already collected the warrant money, and exercising the warrants will just dilute the shares. in addition, they could have just said warrant allowed to exercise below 2.0 instead of 1.10. why 1.10? This is a Dic move. Something is not right. Does anyone smart can expand this?
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Trytosaveabit : I’m not sure what the circumstances are in this particular situation? But maybe the warrants were “ Price Protection Warrants “? Benefits the warrant holder but dilutes existing common shareholders because yes it causes dilution! Only a guess until I look at the warrants! But that would make sense to me.
doctorpot1 : i think you are referring to this news? https://www.bakersfield.com/ap/news/amprius-announces-temporary-offer-allowing-public-and-private-warrants-to-be-exercised-at-a-reduced/article_5ef45dd2-4274-55d2-bb6c-129e65ff347f.html
doctorpot1 : looks like they need cash and is using the warrant to raise cash instead. they need to give a discount so as to incentive the warrant holder to exercise and buy the shares.