So all the 5 year Warrant A's from 2012 have been retired.
1. The real benefit here is that it eliminated the "cashless" option where the folks would simply convert shares for cash that Fuse would have to sell shares on the open market to pay them. This is now gone.
2. The price of the current exchange warrants is .30. No measurement period or adjustment.
3. They applied a share selling limit to this agreement.
4. Finally, the warrants if exercised are pure cash for Fuse to fund their growth.
The only downside is that the amount increased. Which really is not a downside at all given that if they exercise these at .30 the money will go directly to Fuse versus exercising the lessor amount "cashless" where Fuse has to sell shares to pay the investors.
I hope this helps a bit.
This structure of the warrants, is beneficial for cash generation for Fuse versus the other structure which benefited the PIPE investors.
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