Verb Technology Company, Inc. Warrants (VERBW)

[Seve1]

For clarification only - WARRANTS

You bought 1,000 shares of VERBW @ .75 current selling price. After a year, the PPS of the Warrant is now above the Strike Price of $3.44 and you want to Exercise the Warrants in exchange of actual shares....My question is.... Do still pay for whatever the Strike Price of $3.44/share + Broker's Fees?

Example:

Bought 1,000 x $ 0.75 = $ 750.00
1,000 x 3.44 Strike Price = $ 3,440.00 + Broker's Fee

You paid of a total cost of $ 4,190 + Broker's Fee

Would this be the case?

Thanks for your help and clarification.