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?
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