Amarin Corp Plc (AMRN)

[HDGabor]

C-

So, the absolute minimum obligation is $49m. Since they purchased $72m in Q1, is it theoretically possible that they made zero purchases in Q2?

The conclusion is good ... but the basis of it false.

- the $49m is at 03/31/2022 (after the Q1 purchase)
- the Q1 purchase was $75m

As the commitment was decreased by $147M in Q1 (meanwhile the purchase was $75m "only", the additional $72m decrease should be come from the modification of the rolling 12-month forecasts)

So yes, it is possible that they made zero purchases in Q2.

Furthermore, the $49m is potentially payable

over the term of such agreements

... theoretically possible that they made zero purchases in rest of 2022.

Best,
G