Niocorp Developments Ltd (NB)

[Middleborder]

th6565

https://sedar.com/GetFile.do?lang=EN&docClass=14&issuerNo=00005127&issuerType=03&projectNo=03442011&docId=5287011


"Shares subject to each NioCorp Warrant shall be equal to the number of shares of GXII common stock subject to the applicable GX Warrant multiplied by 11.1829212, with the applicable exercise price adjusted accordingly.


Following the effective time of the Second Merger, NioCorp will effectuate a reverse stock split of the issuedNioCorp Common Shares, and GXII will effectuate a proportionate reverse stock split of the Second Merger Class A Shares and the Second Merger Class B Shares at a to-be-determined ratio."
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TH6565:

I did not see anything that specifically addressed the Exercise price of the warrants after the reverse split, but I assume that that will adjusted by the amount of the reverse split as well. As it stands the current US $11.50 warrant exercise price adjusted by the post merge conversion factor will be US $1.028353844. Post split, the adjusted warrant exercise price would depend on ratio of the eventual reverse split and probably that or the previous day's closing price so I am not going to speculate as to what that will be.

If you find something different please post it!