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Cyosol

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Cyosol

Re: Theburg post# 17289

Monday, 06/14/2021 11:38:13 AM

Monday, June 14, 2021 11:38:13 AM

Post# of 21540
No, the warrants are included for free. They paid $7.547 to receive one share and one warrant. The warrant has a strike price of $8.51 but they only pay that amount if they choose to exercise the warrant.

The idea is that since they can just buy the same shares at market price, there needs to be a sweetener to make them choose the offering instead, hence the free warrants.
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