Replies to post #177736 on Fannie Mae-No Politics (FNMA)

[obiterdictum]

If the warrant were exercised, Fannie Mae estimated that there would be 5.762 billion instead of 1.158 billion shares outstanding. Thus, 4.604 billion shares will be added at the exercise of the warrant.

To exercise the warrant in whole for 4.604 billion shares, all the US Treasury has to do is: make sure the date is before 5:00 pm on September 7, 2028 and then deliver to Fannie Mae 1) a notice of exercise; (2) payment of the exercise price of $0.00001 per share ($46,040); and (3) the warrant.

What happens next?