Hexo dealJust for the record
When Hexo acquired Zena, the deal was based on:
"Fully-Diluted Shares Outstanding" NOT "Common Shares Outstanding"
Meaning The deal is based on ~1.2 billion Zena shares (Included Warrants & rights, etc). So, do not lose sleep over who is converting Warrants and for how much ... etc
22m-23m Hexo shares will be issued.
As of Dec 31, 2020
Fully Diluted Shares Outstanding Value
Basic Shares Outstanding 799,983,791
Deferred Stock Units 1,125,000
Restricted Stock Units 19,803,018
Options 27,182,883
Warrants 400,887,574
Conversion Options at $1.17 3,287,179
Conversion Options at $1.91 4,783,823
Fully-Diluted Shares Outstanding 1,257,053,268