Stem Inc (STEM)

[minten]

per the latest 10-Q 6.898.841 warrants, different types.

also note, the $ 1.10 exercise price only applies to 2015 Warrants. The deal is even sweeter for 2016 warrants. an exercise price of $ 0.30 when the stock price is $ 1.80, life is good if you're a STEM warrant holder

"Company Warrant Exchange
As part of the Company’s obligations under the Merger Agreement, the Company has negotiated with certain institutional holders of the Company’s 2016 Series A and Series B warrants to have such holders surrender their 2016 Series B warrants in exchange for a reduced exercise price of $0.30 per share on their existing 2016 Series A warrants and the elimination of the anti-dilution price protection in the 2016 Series A warrants. As a result of the exchange, the exercise price for all outstanding 2011 Series A warrants and 2016 Series A and Series B warrants has been reset to equal $0.30 per share. The 2016 Series B warrants remain unexercisable pursuant to their terms."