I don’t think that is the case. Why not cancel the warrants (since Biden T-Sec is coming) and let the capital raise process take its course. They can issue more shares.
The warrants, in recent times, were to be used to further “enrich” the tax payer. Even the Warner letter to Mnuchin indicated the warrants were around for tax payer “enrichment.”
Is Buffet about to come out of the woodwork ... can’t be ...
If the warrants are to be used as leverage (grease), the CRPs, which I believe are binding, would need to immediately make use of the warrants before Mnuchin leaves. But that doesn’t merge with ACG’s timeline.
IMO bottomline the warrants cannot be with a Biden T-Sec at all as they could challenge the warrants in court and hold-up the whole RRR, and all of the current players know that.
News 
Market Data 
Discover 
