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Monday, October 13, 2014 1:12:19 PM
To give warrants as part of a financing is standard as giving additional upside to the people buying into the company at the above price, and also provides cash later on automatically to the company whenever they are exercised (like now the special warrants), or later the $11.50 warrants when exercised will go directly go to the cash till of Sphere as well.
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