Antibe Therapeutics Inc(Pre-Merger) ATBPF

Warrant extension

[Doccole]

What will this mean for the stock price? 

What / if any significance does this news bring?

thanks for thoughts!

[MrMugsy]

Renegotiated pricing on the warrant in order to still be able to bring in some cash before 2024.  Probably wise to have that stream of cash available as ATE will be burning through cash. The potential expiration of of the June warrants wasn't doing anything to prop up the share price so I wouldn't think it will have any effect the other way either.  Guessing it's neutral

[StockingUp21]

Mayne look at other businesses that have done the same thing. If I had a guess...

[Doccole]

If our stock price is 1.80 in 2023, fail. I am hoping for more than that.  i am hoping for a big rebound going into phase 2 with some progress updates.

[Mmmtroll]

realistically the price is gonna have to be 2.25+ for anyone considering their warrants.

[MrMugsy]

Right!  Was thinking >3 with reasonable volume for the stock.

[Mmmtroll]

you guys aren't using Dumbo Dan logic though. If they drop the warrant price then, they will get exercised. Which means antibe gets a bonus 5m. But what it really gives them the ability to do is to dilute even further should the price continue upwards. Classic move.

[MrMugsy]

Potential cash from future warrants if exercised ... 1.  Feb 24, 2023 - $2,400,000 2.  Dec 31, 2023 - $5,600,000 (modified) 3.  Feb 24, 2024 - $25,200,000 Over $33,000,000 in cash available if warrants fully exercised (without further modification). Does that sound right ?