RE:WarrantsGood question. StageZERO has issued warrants on a number of occasions in the past, with various exercise prices and expiry dates. None of them had ever been publicly tradeable until June 29, 2020, when they closed a public offering with Echelon and Clarus that included the publicly tradeable warrants we all know fondly as SZLS.WT.
As far as I can tell, the soon-to-be issued warrants (including non-transferable broker warrants) will NOT be publicly tradeable. So, I don't think that there should be
any effect on SZLS.WT whatsoever.
Following is a key excerpt from the amended short form prospectus dated Oct. 19, 2020:
"There is currently no market through which the Warrants may be sold and purchasers may not be able to resell the Warrants purchased under this Prospectus. This may affect the pricing of the Warrants in the secondary market, the transparency and availability of trading prices, the liquidity of the securities, and the extent of issuer regulation. See “Risk Factors”. "
I'm not a lawyer, but that's my two cents on matter. GLTA!
brad129 wrote: To those more educated on the warrant side of things are the last round of warrants dropping in value because the new ones will be available for pennies to start with? If they have a strike price of $1.10 wouldn't they be the better value( depending what people can purchase them for)