Magic Bots - All or a portion of the $14-million (U.S.) principal amount can be converted into Ascot common shares at the option Nebari at a price of 72 Canadian cents which is equal to a 20-per-cent premium to the 30-day VWAP (volume-weighted average price) of Ascot common shares up to and including June 15, 2023.
the Bots needed to smash the share price into June 15th in order to achieve the C$0.72 option pricing. The vwap on June 15th reached ~c$0.60, therefore the 20% premium = c$0.72.
Dambit Bots knew.