RE:RE:RE:RE:RE:RE:1.12 warrantsExactly, as of time of writing 91,300 shares would get the share price to $1.07
Hard to see where a market order of 1 million shares gets it without a better Lvl 2 but probably well up there.
The beauty of warrants tho is it has the benefit of a win-win situation. The warrant holder gets shares in NXO, and NXO gets cash in the bank. If you are a true believer in any company you would go ahead and excercise those rights (similar to fronting them debt) regardless because the company gains much needed capital they can use to further their projects.
The $1.12 limit just allows the company to force the excercise of rights at a faster pace