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WHITTENHALLJR Free

12/06/20 3:13 PM

Post #5

Re: #4: @WHITTENHALLJR - $11.50 strike (see below), 1-for-20 RS in June

$ALTM Sould see $100 quick... got till 2023 >> $altmw is a slam dunk >>> will be the easiest dough of 2021!!! Boomtown!!!

WHITTENHALLJR Free

12/06/20 3:12 PM

Post #4

Re: #3: @jchords - Anyone know the details for warrants?

$11.50 strike (see below), 1-for-20 RS in June 2020, $11.50*20 = $230

Also for anyone doing the work like I did, 11/09/2023 expiration

HOUSTON, June 29, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (“Altus”) (Nasdaq: ALTM) today announced that effective at 5:30 p.m. Eastern time on June 30, 2020, the company will affect a 1-for-20 reverse stock split of its outstanding common stock

From SEC Filing:
Each Existing Warrant entitles the holder thereof to purchase one share of our Class A Common Stock at an exercise price of $11.50 per share. The Existing Warrants will become exercisable on December 9, 2018, and the Existing Warrants will expire on November 9, 2023 or earlier upon redemption, subject to certain exceptions with respect to the Resale Warrants. Once the Existing Warrants become exercisable, we may redeem the outstanding Existing Warrants at a price of $0.01 per Existing Warrant, if the last sale price of our Class A Common Stock equals or exceeds $18.00 per share for any 20 trading days within a 30 trading day period ending on the third business day before we send the notice of redemption to the warrant holders. The Resale Warrants, however, are non-redeemable so long as they are held by our Sponsor or its permitted transferees, with respect to the Private Placement Warrants, or Apache Midstream or its permitted transferees, with respect to the Apache Warrants.