Straight from the horses mouth:
Mr. ,
The number of warrants (OPXAW) do not change, but the terms of the warrants change with the reverse stock split.
For instance, 10,000 pre-split warrants exercisable at $0.50 will translate to 10,000 post-split warrants with these new terms: Each warrant translates to purchase of 1/8th shares in OPXA. So 10,000 warrants together will buy 1,250 shares of Opexa at an exercise price of $4.00 per share. This initial exercise price of $4 per share is valid until June 30, 2016 after which the exercise price increases to $12 per share through its three year expiration in April 2018.
Please let me know if you need further clarification.
Kind regards,
Camilla
Camilla Zuckero l Marketing Communications Manager
Opexa Therapeutics l 2635 Technology Forest Blvd l The Woodlands l TX 77381
Phone: 281 775 0609 l Twitter: @OPEXACEO l czuckero@opexatherapeutics.com
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