Antibe Therapeutics Inc(Pre-Merger) ATBPF

Early warrant exercise

[Duster340]

i do not think this is good for the stock price. dan throws a monkey wrench into the stock price getting much traction if any ahead of jan/18th to mid febuary.

When a warrant is exercised, the company issues new shares, increasing the total number of shares outstanding, which has a dilutive effect.

[matt2018]

I dont see how any news can be released during this period of the discounted exercise of warrants period of Jan 16 to Feb 15. Looks like they would like to raise $6.5M during this period through this discount from $1.50 to $1.00. I guess they are hoping on the stock price being higher than a buck during this period or why would investors exercise them?

[Benedictus]

Right, just guessing here, but it seems likely they would want to announce the start of p2 prior to this "incentive" window opening up and then bank on that confirmation driving the sp higher and bringing the wts itm.  But unless we also get confirmation of an arbitration win I just don't know how comfortably itm they can get those wts. Also, the optics of an even further price

[Duster340]

there has to be some catalyst announcement, i think it has to be the start of P2 in dans "conversation with antibe" speach on jan/18. because the regular blah blah blah speach will not get us over a $1 and hold us there while 6.5 million new shares get issued. it is curious though why lower the exercise price that is a 3.25 million dollar hit. do they not think the stock will make it to

[matt2018]

if the holders of these warrants want to dump them after acquiring them for a buck, thats fine. The bigger issue is why the rush to get this potential $6.5M? Whats odd is back oin Dec 12th they amended the expiry date from Dec 31, 2023 to July 31, 2024.and dropped the exercise price from $1.80 to $1.50. Now they bring out this "incentive program" to exercise them for a buck for this one

[baggerx99]

Can only assume the session with Allele Capital on Jan 18 will spark interest from warrant holders and maybe even news on the IDB  front which is expected Q1. Would there be some motivation to "simplify cap table"?? Here's linl to Jan 18 session: Antibe Therapeutics Inc. on LinkedIn: #opioidcrisis #inflammation #pain #nsaid #drugdevelopment #painmanagement

[MrMugsy]

I wouldn't get too hung up on these warrants.  The math makes sense to me. Let's put it this way ... If you could get 100% (or a high percentage) of the warrants exercised in this 1 month window, you could bring in more money than waiting until July (summer doldrums) to exercise. Remember, there are 6.5MM warrants looking to do the same ... So, at what price would you need to