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LilLarry

11/11/17 4:19 PM

#17095 RE: ChuckBits #17094

I believe $11.50 is correct. The series A warrants exercise at $4.80. I heard some chatter thinking the warrants expired in December. From what I read, they expire July of 2020. Plenty of time to build momentum until then. I own a small chunk of TMPSW at a 2 cent average strictly because they spike to 31 cents when the stock ran to $1.07. A large spike will send them flying. Here’s where I found the $11.50 and 2020 date....

Upon the consummation of the Business Combination, each outstanding Chart warrant was exchanged for a warrant to purchase one share of our common stock, and as of the date of this filing, there were 7,875,000 such warrants outstanding, of which 7,500,000 warrants were originally sold as part of the units in Chart’s initial public offering (the “IPO Warrants”) and 375,000 warrants were originally issued as part of placement units issued to CAG, Mr. Wright and Cowen in a private placement simultaneously with the consummation of Chart’s initial public offering, (“the Placement Warrants”).

Each IPO and Placement Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 per share, subject to adjustment. The IPO Warrants became exercisable on August 30, 2015, and expire at 5:00 p.m., New York time, on July 31, 2020 or earlier upon redemption or liquidation. Once the IPO Warrants become exercisable, we may redeem the outstanding IPO Warrants at a price of $0.01 per warrant, if the last sale price of the common stock equals or exceeds $17.50 per share for any 20 trading days within a 30 trading day period ending on the third trading day before we send the notice of redemption to the warrant holders. The Placement Warrants, however, are non-redeemable so long as they are held by the initial holders or their permitted transferees.
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shanak10

11/11/17 7:20 PM

#17098 RE: ChuckBits #17094

I believe you are correct about strike price.