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Tuesday, March 06, 2018 8:37:51 AM
"... On February 12, 2018, WMIH and KKR Wand Holdings entered into a Warrant Exchange Agreement (“Warrant Exchange Agreement”), pursuant to which, conditioned and effective upon the effectiveness of the Merger, KKR Wand Holdings has agreed to exchange the warrants it holds, which are exercisable for an aggregate of 61,400,000 shares of WMIH common stock, for 21,197,619 shares of WMIH common stock..."
{ https://www.sec.gov/Archives/edgar/data/933136/000119312518045940/d539539dex21.htm } ;
61,400,000 Warrants; 31,200,000 @ 1.32 (a share) + 31,200,000 @ 1.43 (a share)
{ media.kkr.com/media/media_releasedetail.cfm?ReleaseID=822950 }
21,197,619 x A ≥ {31,200,000 x (A - 1.32)} + {31,200,000 x (A - 1.43)}
21,197,619 x A ≥ (61,400,000 x A) - 85,800,000
A ≥ 2.1342019518694676317803166931829
Trade shares of WMIH common stock accordingly?
Will I stand corrected/completed if I'm wrong/incomplete?
Hopefully I will
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