Warrants: Just for kicks and giggles, I took a
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Posted On: 07/15/2021 1:05:21 PM
Warrants :
Just for kicks and giggles, I took a look one of Verb's latest filings to find out how many warrants remain unconverted.
"12,422,556 shares of common stock issuable upon exercise of warrants to purchase common stock outstanding as of March 31, 2021, with a weighted-average exercise price of $2.60 per share."
(from page S-4 of the Prospectus Supplement dated June 4, 2021)
https://www.sec.gov/Archives/edgar/data/00015...m424b5.htm
12,422,556 x $2.60 = ~$32mil in warrant money yet to be received
Now, some warrants may have been converted since March 31, 2021. But potentially Verb has another roughly $25-30mil of warrant money coming to it.
With Verb's pps hovering around the highest of the strike prices, coupled with new product releases, increased revenues, bigger deals, etc..... one can see how Rory says there was no plan or current need for further money.
Just for kicks and giggles, I took a look one of Verb's latest filings to find out how many warrants remain unconverted.
"12,422,556 shares of common stock issuable upon exercise of warrants to purchase common stock outstanding as of March 31, 2021, with a weighted-average exercise price of $2.60 per share."
(from page S-4 of the Prospectus Supplement dated June 4, 2021)
https://www.sec.gov/Archives/edgar/data/00015...m424b5.htm
12,422,556 x $2.60 = ~$32mil in warrant money yet to be received
Now, some warrants may have been converted since March 31, 2021. But potentially Verb has another roughly $25-30mil of warrant money coming to it.
With Verb's pps hovering around the highest of the strike prices, coupled with new product releases, increased revenues, bigger deals, etc..... one can see how Rory says there was no plan or current need for further money.
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