Comment by
LithLover on Jul 05, 2023 6:16pm
The financing is a discount to the average share trading price and includes warrants. So GEM would be at 0.05-0.055 and they get warrants too. These repriced are at 0.065 and no extra warrants. Ends up being 20% better and no extra warrants to issue. Plus those financiers with higher exercise price could actually make some money rather than lose when warrants expire.