RE:What is the life of the
From MDA
As of April 25, 2023, there were 75,812,650 warrants outstanding. Each whole warrant entitles the holder thereof to purchase one share.
The warrants are exercisable as follows:
3,157,059 at a price of $0.50 until October 3, 2023,
4,095,157 at a price of $0.50 until January 9, 2023,
57,499,000 at a price of $0.35 until August 22, 2024
10,058,734 at a price of $0.35 until September 22, 2024
1,002,700 at a price of $0.35 until November 17, 2024.
I don't know a lot about warrants but when the go in the money, do people tend to exercise and buy a share or can they just keep trading it as a warrant up until the last moment before expiration.
I'm curious beause if the price ever gets above 0.35 would be nice if some were exercise to give the company some operating cash. Would that happen or would people keep trading warrant all the way to expiration in 2024?