Replies to post #87398 on Niocorp Developments Ltd (NB)

[Hollandjan]

So, after a 1:10 split, the stock price must be 180 and not 18?

[Middleborder]

NE; In addition to the $18 (or higher) share price, whether they call the Warrants probably depends on how much they recieve from the SPAC subscription, how long they can operate on those reserves and whether additional financing presents itself. Lets hope that after the merger firms will start to call NioCorp with financing and they can put off the warrants as long as possible.

[vin5000]

Clarification on Warrants & R/S:

You mentioned I was right with my assumptions, but I'm still fuzzy on the R/S impact on both number of warrants and the strike price. Example Scenario:

Let's say I have 100 GXII Warrants which are good for 1118.292 NIOBF shares at $1.028 strike price.

Let's say there is a 10/1 Reverse Split for simplicity sake.

Does that 10/1 split apply to the outstanding warrants? Would I still own 100 warrants or now only 10 post split?

Or does the 10/1 split apply to the strike price? Would it still be $1.028 or is it now $10.28 (1.028*10)?