RE:DRYShttps://www.marketwatch.com/story/dryships-inc-announces-closing-of-registered-direct-offering-2016-11-21-16160538
The total gross proceeds from the offering were approximately $20 million. The Company may further receive up to an aggregate of $80 million if all of the warrants to purchase preferred shares are exercised, for total gross proceeds of $100 million.
And what do they get if they exercise it all for 100 mil, and at what costs will those share be at if exercised and how diluted will current shareholders be.
Do the math.