Hycroft Mining Holding Corp (HYMC)

[nsomniyak]

You would still need to pay 6.70, but due to the cashless exercise facility you would not have to come up with that cash, as the "cashless exercise" would allow you to exercise the option and immediately sell the stock you receive, with the exercise cost being deducted from your proceeds.

In other words, if the stock was worth $10, you could do the cashless exercise and just pocket the $3.30 difference between the $10 stock price and $6.70 warrant exercise price.

You still pay the $6.70, but you don't have to come up with that in new capital to make the trade. Does that help?