Replies to post #211 on Blacksky Technology (BKSY)

[morokoy]

Thanks, but actually, the warrant price is now $92.00 and it covers 10 shares, because of the 09/09/24 8:1 Reverse split.. $11.50 x 8.

SPAC Warrants After a Reverse Split.
The reverse split of a company's stock can affect the exercise price and conversion rate of SPAC warrants. When a company undergoes a reverse split, the exercise price and conversion rate of the warrants are adjusted accordingly. For example, in a 10:1 reverse split, the exercise price of a warrant is multiplied by 10, and the number of shares covered is divided by 10. This adjustment ensures that the value of the warrants remains consistent with the new stock price after the reverse split.