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Monday, April 03, 2023 11:43:48 AM
It contains good information for anyone holding warrants to provide to their brokerage firm when they decide or are required to exercise their warrants. (Might Save research time and confusion for the Customer Service rep on the other end of the phone line.)
2. Appointment of Successor Warrant Agent. The Company hereby appoints Computershare to serve as successor Warrant Agent under the Warrant Agreement and Continental hereby assigns, and Computershare hereby agrees to accept and assume, effective as of the Effective Time, all of Continental’s rights, interests and obligations in, and under the Warrant Agreement and Warrants, as Warrant Agent; provided, that, Computershare shall not assume any of Continental’s liabilities and obligations under the Warrant Agreement (as amended hereby) arising prior to the Effective Time.
I expect that as soon as the price gets above that $18 approx forced exercise price for 30 days NB will require exercise of all the warrants. (Just glad the they extended the exercise date out to 2028 (?)
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