As a novice investor, i'm just not exactly sure how that works. Didn't they basically issue the warrants almost as a sign of good faith? The company still has to pay both the principal and interest on the loan after all.
If that is the case, how does paying off the debt eliminate warrants?
Also, if the share price is above the warrant exercise price, wouldn't I as the lender see more upside in exercising the warrants and selling for a profit rather than giving them up in exchange for paydown of debt?
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