2 exemple average @ 18.00 us and average @ 26.00 us WTS-ELECTRIQUE LION6MAY26
CASHLESS
X = Y(A-B)/A
$ are in US
AVERAGE OF 18.00 US
1000 wts x (18.00 $- 11.50 $ = 6.50 $ ) = 6500$ divided by 18.00 = 361,111 shares @ 18 = 6500$ us
AVERAGE OF 26.00 US
1000 wts x (26.00 $- 11.50 $ = 14,50 $ ) = 14500 $ divided by 26.00 = 557,69 shares @ 26 $ = 14499,94 $
Where,
X = The number of Shares to be issued to Holder;
Y = The number of Warrant Shares for which the Purchase Warrant is being exercised;
A = The fair market value of one Share; and
B = The Exercise Price.