Very disappointing
If everything is going so swimmingly well, why wouldn't you at least wait for Q2 results to be released in another 2 weeks???
It's bad enough to issue new equity at $1.20. But to then add insult, they throw in half a warrant. I would hate to see the details of a re-financing if the company were in some kind of financial distress.
Worst deal I've seen in a while.