TY. just way to add a small detail you may have missed. Warrants are automatically priced down to .48c if the preferred shares are converted at that price.
Each Warrant entitles the holder to purchase one share of Common Stock at an exercise price of $1.60 per share, subject to adjustment (including in the event we issue Series B Preferred Stock at a conversion price lower than the initial conversion price of the Series B Preferred Stock), through its expiration five years from the date of issuance.
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