Hello everyone, I have read the S1, and it is clea
Post# of 36568
(Total Views: 342)
Posted On: 08/21/2020 9:10:49 AM
Hello everyone, I have read the S1, and it is clear that the agreement of 4 August:
"Pursuant to the Securities Purchase Agreement, the Company issued to the Buyers (i) Series A Warrants to purchase 5,102,040 shares of Common Stock in the aggregate (the “Series A Warrants”) with an initial exercise price equal to $0.392 per share (the “Series A/B Exercise Price”), (ii) Series B Warrants to initially purchase 15,306,122 shares of Common Stock in the aggregate (the “Series B Warrants”) with an initial exercise price equal to the Series A/B Exercise Price; (iii) Series C Warrants to initially purchase 10,204,080 shares of Common Stock (the “Series C Warrants”) at an initial exercise price equal to $0.539 per share; and (iv) Series D Warrants to initially purchase zero shares of common stock (which increases on predetermined reset dates if the Company’s stock price falls below the closing date price or a reset price on a previous reset date)"....
has changed to:
"This prospectus relates to the offer and sale of up to 148,639,455 shares of common stock of Generex Biotechnology Corporation, by the selling stockholders. These shares consist of (i) 5,102,040 shares of our common stock that were previously issued to the selling shareholders; (ii) 48,639,456 shares of our common stock issuable upon exercise of Series A Warrants and Series B Warrants; (iii) 66,666,666 shares of our common stock issuable upon exercise of Series C Warrants; and (iv) 28,231,293 shares of our common stock issuable upon exercise of Series D Warrants"...
I would like to understand if the strike price of warrants A and B is the same as in the previous agreement, 0.392. And also if the strike price of warrant C is the same as the previous one, i.e. 0.539 ..
"Pursuant to the Securities Purchase Agreement, the Company issued to the Buyers (i) Series A Warrants to purchase 5,102,040 shares of Common Stock in the aggregate (the “Series A Warrants”) with an initial exercise price equal to $0.392 per share (the “Series A/B Exercise Price”), (ii) Series B Warrants to initially purchase 15,306,122 shares of Common Stock in the aggregate (the “Series B Warrants”) with an initial exercise price equal to the Series A/B Exercise Price; (iii) Series C Warrants to initially purchase 10,204,080 shares of Common Stock (the “Series C Warrants”) at an initial exercise price equal to $0.539 per share; and (iv) Series D Warrants to initially purchase zero shares of common stock (which increases on predetermined reset dates if the Company’s stock price falls below the closing date price or a reset price on a previous reset date)"....
has changed to:
"This prospectus relates to the offer and sale of up to 148,639,455 shares of common stock of Generex Biotechnology Corporation, by the selling stockholders. These shares consist of (i) 5,102,040 shares of our common stock that were previously issued to the selling shareholders; (ii) 48,639,456 shares of our common stock issuable upon exercise of Series A Warrants and Series B Warrants; (iii) 66,666,666 shares of our common stock issuable upon exercise of Series C Warrants; and (iv) 28,231,293 shares of our common stock issuable upon exercise of Series D Warrants"...
I would like to understand if the strike price of warrants A and B is the same as in the previous agreement, 0.392. And also if the strike price of warrant C is the same as the previous one, i.e. 0.539 ..
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