RE:TV warrants QuestionTake this with a grain of salt because I personally haven't traded in warrants, but I would assume they would follow a similar pricing curve to options.
Essentially, those who purchased shares as part of the offering received half a share as a warrant, with an exercise price of $0.23 and an expiry date of 2022-06-02. For simplicity, the below example is going to use a 1:1 - just divide the numbers by two to reach the half-share version.
Since we're still very far away from that date, I would assume the warrants will be trading with a small premium - IE if share price was $0.3, the warrants would cost, say, $0.08. There'll be a spread, and since this'll likely be thinly traded, that spread could be pretty punishing - in that hypothetical above example, likely you'd have to pay $0.09 to buy, and to sell you'd likely have to settle for $0.07.
As we get closer to the expiry date, that premium will start to reduce, since we're getting closer to the actual value.
I expect it'll follow something similar to the Black Scholes option pricing model (
Black Scholes Model Definition (investopedia.com))