RE:RE:RE:RE:Don't sellThanks for the clarification. In the release below it states the exercise price is $3.50 and the new exchange ratio is .5, sounding like 2 shares and $3.50. There had to be a logical reason for my wonderment.
Toronto, Ontario--(Newsfile Corp. - le 28 juillet/July 2021) - Peak Fintech Group Inc. Warrants (PKK.WT) were issued July 7, 2021 and listed July 26, 2021. (see Bulletin 2021-0730). The common shares of Peak Fintech Group Inc. were consolidated on a 2 old for 1 new basis, with a record date of July 28th, 2021 (see Bulletin 2021-0735).
Each whole Warrant shall entitle each Warrantholder thereof, upon exercise at any time after the Issue Date and prior to the Expiry Time, to acquire the number of Warrant Shares determined by the Exchange Basis upon payment of the Exercise Price of $3.50. The Exchange Basis is subject to adjustment pursuant to the terms of the Warrant Indenture.
As a result of the consolidation of the common shares on July 28th, 2021, the Exchange Basis has been adjusted to 0.5 shares.
Please see the Warrant Indenture for Details.
Toronto, Ontario--(Newsfile Corp. - le 28 juillet/July 2021) - Peak Fintech Group Inc. Warrants (PKK.WT) were issued July 7, 2021 and listed July 26, 2021. (see Bulletin 2021-0730). The common shares of Peak Fintech Group Inc. were consolidated on a 2 old for 1 new basis, with a record date of July 28th, 2021 (see Bulletin 2021-0735).
Each whole Warrant shall entitle each Warrantholder thereof, upon exercise at any time after the Issue Date and prior to the Expiry Time, to acquire the number of Warrant Shares determined by the Exchange Basis upon payment of the Exercise Price of $3.50. The Exchange Basis is subject to adjustment pursuant to the terms of the Warrant Indenture.
As a result of the consolidation of the common shares on July 28th, 2021, the Exchange Basis has been adjusted to 0.5 shares.
Please see the Warrant Indenture for Details.