Can someone explain this in layman's terms? This is right from the press release just issued:
"The exercise price of such warrants will equal the closing bid price of the Company's common stock on the date the Company provides notice of such tranche."
Does this mean the company and the investor would benefit from a significantly higher stock price or does this have the opposite effect - that is, that the investor would benefit from the price being lower in anticipation of the stock trading much higher in years ahead? Or does it not matter? Thanks in advance.
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