Todos Med Ltd (TOMDF)

[JoeForkeyBolo]

Why would they exercise the warrant at .107415 when they can buy on the open market for .05

They wouldn't. The warrants have an expiration date of 5 years. If the share price fails to move higher than the warrant price after the one-year restriction period, the warrants will expire worthless. There is no scenario one comes out ahead exercising a warrant below the exercise price. They cost Yozma nothing and are a "freebie" to entice them into making the investment. They have zero value until the price moves north of the exercise price.