Post by
Sunnivagun on May 14, 2020 2:55pm
KLY "B" Warrants??
What will happen to B Warrants if there is a reverse split or a buyout? Thanks in advance GLTA
Comment by
IamFloored on May 14, 2020 3:15pm
My understanding is an adjustement would be made. For instance, if you had a warrant to purchase 3500 shares in a company at 1 dollar per share, after a reverse split of 1 for 100 , a warrant could purchase 35 shares for 100 dollars. Someone correct me if my math is wrong?
Comment by
indaknownewfie on May 14, 2020 5:32pm
If there is a reverse split, your warrants will be split at the same ratio as common shares. In the event of a buyout, shareholders are usually given a prescribed period of time to exercise same. So the exercising becomes accelerated. That's my understanding.