GREY:MMNFQ - Post by User
Comment by
ConnectTheDot1on Sep 06, 2018 9:06pm
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Post# 28576468
RE:If one does the math they actually raised $168,681,822.68
RE:If one does the math they actually raised $168,681,822.68Correct me if I'm wrong: If I understand well each share = 1/2 warrant (one-half) so total warrants = 13,636,364/2 = 6 818 182 So for the minimum, you have to reduce warrants to half...! = 6.87$x 6.818M = 46.84$M So min = 75 + 46.84 = 121.84$ + up to 15% option and half warrant attached === Each unit will be composed of one Class B subordinate voting share of the company and one-half of one Class B share purchase warrant. Each warrant shall entitle the holder thereof to purchase one Class B share at an exercise price of $6.87, for a period of 36 months following the closing of the offering" =====
KushMan wrote: They are raising a MINIMUM of $75M for 13,636,364 at 5.50/Unit
Each unit has 1 share and 1 warrant exercisable at 6.87 which means an additional 13,636,364 shares will be issued at $6.87 which will add an additional $93,681,820.68 into the company coffers once the warrants are exercised.
Total financing is a MINIMUM of $168,681,822.68 + a 15% option.
Share total: 13,636,364 x $5.50= $75,000,002.00
Warrants total: 13,636,364 x $6.87= $93,681,820.68
Grand total: $168,681,822.68