For each of the 4,166,666 shares of common stock issued in connection with the Company’s IPO, one common stock purchase warrant was also issued and included in the unit price of $6.00. These warrants were immediately separable and tradeable. Although the underwriters did not exercise their fifteen percent over-allotment option to purchase additional shares of common stock, they did purchase 624,999 additional common stock purchase warrants for $.001 per warrant less underwriting discounts and commissions. These 4,791,665 common stock purchase warrants have an exercise price of $6.00 per share and provide for a cashless exercise feature if there is no effective registration statement or current prospectus for the issuance of common stock upon exercise of the warrants. These warrants are exercisable from December 10, 2021 through December 10, 2026. Upon the termination date, these warrants will be automatically exercised via a cashless exercise.
Sorry for the long words... I am just wondering about the unit price of 6$.... Does this mean people are betting it will go to the 6??? I understand techinicals are very importants to understanding a stock but I also understand things like are equally important .... I hope someone can explain this to me... Thank you for any help you can provide
Sorry for the long words... I am just wondering about the unit price of 6$.... Does this mean people are betting it will go to the 6??? I understand techinicals are very importants to understanding a stock but I also understand things like are equally important .... I hope someone can explain this to me... Thank you for any help you can provide
