Replies to post #2242 on Biocept Inc (BIOCQ)

[powerbattles]

Company adjusted exercise price of warrants from a previous raise.
"the Exercise Price per share for all of the Warrant Shares subject to the Original Warrants will be equal to $0.3495 but only with respect to a cash exercise under Section 2(a) of the Original Warrants (and not pursuant to the cashless exercise procedure specified in Section 2(c) of the Original Warrants). For the avoidance of doubt, with respect to any Warrant Shares that are not purchased pursuant to Holder’s exercise of an Original Warrant under Section 2(a) of such Original Warrant during the Modified Exercise Price Term, the Exercise Price will revert to the Exercise Price set forth in such Original Warrant ($1.20 per share, with respect to the February 2019 Warrants, and $1.25 per share, with respect to the March 2019 Warrants, subject to any further adjustments pursuant to the terms of the Original Warrants) as of the end of the Modified Exercise Price Term."