Wednesday, February 14, 2018 10:08:19 PM
There were 2M warrants with the preferred share deal plus extra with the dilution clause that kicked in with the secondary offering with B Riley.
I read the doc closely. Page 10. Can't copy and paste from it, but basically Finjan has to tell Halcyon 5 business days before a merger the effective date so they can redeem their warrants.
Can you think of another reason why they would redeem the warrants before they even hit the $3.18 exercise price? I think Finjan is being bought out after all and I think the huge volume today is because it started to leak after Halcyon was given their notice of the effective date for it.
Make sense?
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM