Bio Path Holdings Inc (BPTH)

[wordlender]

Good question! I'm not sure.

If I understand it correctly, they just registered the underlying shares, not the warrants. I previously assumed they had to, but given the information you are presenting, it may not have been required and they initially did not intend to register either the warrants or the underlying shares.

Generally, once restricted shares vest, rule 144 no longer applies and they can be freely sold in the market. Perhaps there was some triggering event we are missing here? Or perhaps some side deal was made where BPTH agreed to register the shares. I don't know.

I'd have to look this up, but I still think BPTH is required to register the underlying shares. I don't think they have to register the warrants.

Anyway, warrants are a bad deal for any company. They generally encourage short selling or normal selling whenever the shares exceed the private offering price. Warrants allow an investor to get into a speculative stock virtually free of charge.