BioCorRx Inc. (BICX)

[RBC-]

The exercise price and # of shares available to warrant holders are adjusted if there is a reverse split. See section 6(b)(iii) in the warrant contract which is available thru the SEC and pasted below. They don’t get to ride a reverse split “into the money” and exercise. This means that the investors are not counting on a reverse split price to get them over the $1. This is an incredibly bullish statement by these investors. Link to document and section pasted below.

https://www.sec.gov/Archives/edgar/data/1443863/000147793218002925/bicx_ex102.htm

Section 6. Adjustment of Exercise Price. The Exercise Price shall be subject to adjustment from time to time as set forth in this Section 6. The Company shall give the Holder notice of any event described below which requires an adjustment pursuant to this Section 6 in accordance with the notice provisions set forth in Section 6(c).
(iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then (1) the number of shares of Common Stock for which this Warrant may be exercised immediately after the occurrence of any such event shall be adjusted to equal the number of shares of Common Stock which a record holder of the same number of shares of Common Stock for which this Warrant is exercisable immediately prior to the occurrence of such event would own or be entitled to receive after the happening of such event, and (2) the Exercise Price then in effect shall be adjusted to equal (A) the Exercise Price then in effect multiplied by the number of shares of Common Stock for which this Warrant is exercisable immediately prior to the adjustment divided by (B) the number of shares of Common Stock for which this Debenture is exercisable immediately after such adjustment.