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Re: ErnieBilco post# 1622

Thursday, 09/16/2021 10:02:56 AM

Thursday, September 16, 2021 10:02:56 AM

Post# of 3201
The only difference I'm seeing in these warrants is that series A has over twice the amount OS. They both expire the same date and around the same price. Why is one higher than the other.....lower OS?

The Company has issued approximately 4.9 million Series A warrants and 2.1 million Series B warrants that are exercisable until October 4, 2022 for one share of common stock per warrant at initial prices of $41.34 and $42.03 per share, respectively, subject to adjustments pursuant to the terms of the warrants, to certain holders of general unsecured claims as defined in the Plan. The warrants contain customary anti-dilution adjustments in the event of any stock split, reverse stock split, reclassification, stock dividend or other distributions.

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