Phunware Inc (PHUN)

[candeloro]

The interesting part is in the link about the calculation of the shares one gets.
(link is in the first link I gave)

That explains that the huge negative aspect of the cashless exercise is that PHUN loses all the money that the warrents should have provided (at 11.50 US$ exercise per warrant).

The positive aspect is (as provided in the first link where it is explained that 2 warrents are needed for 1 share) that the dillution through the warrents is lower than if they were fully exercised.

Given the fact that all investors are not allowed to sell shares (and warrants?) till June, how many warrants were issued to the free market when the stock went public in January?

If we assume there were around 170k shares available plus the number of warrants (devided by 2 if everyone did the same as the guy in the link) that should give us the free float till June.

Does anybody know the free float of warrents from January onwards?