"Upon the exercise of each Adjusted Warrant, the holder shall receive one Post-Consolidation Bridgeport Share,
together with 0.375 0f one Arrangement Warrant, at an exercise price that is equal to the current exercise price of ther warrant which such Adjusted Warrant replaces multiplied by four."
So the valuation of the current 2014 warrants will be based on the value of the common AND the value of the newly issued 2016 warrants as the current 2014 warrant holders are entitled to both upon exercise.
Doesn't this make the current 2014 warrants a superior investment to the upcoming to-be-issued 2016 warrants because their valuation will only be based on the value of the common?