The filing states that PIX can cancel the warrants
Post# of 72444

Quote:
Subject to the satisfaction of certain circumstances, we may call for cancellation any or all of the warrants following 90 days after their issuance, for a payment equal to 8% of the aggregate exercise price of the warrants being called.
https://www.sec.gov/Archives/edgar/data/13552..._424b5.htm


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