RE: What reverse stock split means to warrants?What happens to warrant is simple:
"
An adjustment will be made to the Company’s stock options and warrants based on
the split ratio. Warrant holders do not need to submit their warrants for exchange. The
adjustment will be made automatically. The number of shares of common stock issued subject
to stock options, warrants, or convertible securities will automatically be proportionately
decreased by the split ratio and the exercise price or conversion ratio will automatically be
proportionately increased by the same split ratio. For illustrative purposes, an option to
purchase 300,000 shares at an exercise price of
.40 per share outstanding before the reverse
stock split will become, after a reverse split of 11, an option to purchase 27,273 shares at an
exercise price of $4.40. Options previously granted to management and employees will be
adjusted in the same manner as described above. "
source : https://www.entremed.com/Reverse-Split-FAQs.pdf