Marker Therapeutics Inc (MRKR)

[Phantom Lord]

All the entities listed in the S3 (HERE) that was filed back in 2018 received warrants in the amount of 75% of their purchased shares. For example, NEA received 5M shares and 3.75M warrants. All warrants issued in that 2018 purchase are exercisable at $5 per share for a period of 5 years. So three years left to get the share price over $5 or all those warrants expire worthless. Unless they amend the agreement like the company has done in the past to try to force entities to exercise them.

This does not include previously issued warrants but those amounts at this point are negligible and if I remember correctly most of those had exercise prices around $3 so they aren't exercisable right now anyways. That's if they are even still around. There have been small amounts of warrants exercised over the past couple of years and I expect these were the warrants previously issued by Tapimmune. Either way the only warrants that will have any effect on the company are the ones issued at the merger in the S3 above.