ok, Yes, now I get it. You were calculating the % upside for each warrant, at that time.
On a related issue, right now QS PPS is $119.00 while the warrant is still only at $35.50+. With a strike price of $11.50, I would have though it should be at around $100.00 at least. Why is there such a big disconnect between where the price of warrant should be and where it is actually now? TIA & GLTU!