Arnold was issued (in the money) warrants. It doesn't say he converted them to stock. They may not be exercise-able until May 25, 2021 (good until May 25, 2030) or when the first episode of Superhero Kindergarten airs/streams, whichever is first.
I'm not sure if they cause a non-cash charge now or when they are exercised. Strike price is $1.39.
They were issued June 12, 2020, closing share price was about $4.
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