You are correct but they sometimes re-adjust downward after a year if company ever wants the holders to exercise them. When they are this cheap I buy just for the expiration date because I don't intend to exercise them
PRENW warrant terms. Grok has become my go-to for searching warrant terms. It's pretty darn good at being able to search thru filings, documents, etc, and is probably way more accurate than I would be. It makes mistakes from time to time, but Grok says effective exercise price of $103.60. Full summary:
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