Alto Ingredients Inc (ALTO)

[hebercreeper]

Not sure but gotta love this nugget:

As a result of the issuance of securities in this offering, the exercise or conversion prices of certain of our outstanding securities will be adjusted downward as a result of weighted-average anti-dilution price protection provisions contained in the agreements governing such securities.

So by choosing to pay with shares instead of cash, they intentionally trigger the anti-dilution clause for financiers to lower exercise price?

FWIW in the previous prospectus:

3,675,861 shares of common stock reserved for issuance under warrants to purchase common stock outstanding as of that date, other than the Warrants, at a weighted average exercise price of $14.20 per share

I think we'll have a bit more clarification on this filing Tuesday or Wednesday. People may be jumping the gun a bit here.