Hycroft Mining Holding Corp (HYMC)

[hyct_investor]

X = (B-A)/Y is purely a cashless conversion to shares. Here is how it will work

# warrants 10000
Assumption:
2 times dilution
Y = Fair Market Share price on the date of exercise: $5
Original Strike Price: $8.5

B = 10000 * 2 * 5 = $100,000
A = 100000 * 8.5 = $85,000

(B-A) = $15000

X = (B-A) / Y = $15000/$5 = 3000

Once you exercise you will get 3000 shares. they are also talking about fraction of shares, which they will cash it out for you.