I keep posting this and you keep pretending it was never stated.
An expropriation of 79.9% of the shareholder's ownership in the enterprise is an exaction of private property in violation of Amendment 5 in the Constitution of the United States of America.
That's not what I asked.
If a massive common equity raise is conducted at $6, or $4, or $1, what law is broken? The answer cannot be the Fifth Amendment because it's the buyers that benefit and not the government.
I do believe that if the warrants are exercised, someone out there will file a lawsuit. I just don't think it has a chance of succeeding, due to Treasury's ability to veto release (thus denying the existence of a world where the companies are released and the warrants are not exercised).