Once warrants are issued, won't the price of the mother share be adjusted downwards? and what would be the value of the warrant? any idea? Thanks in advance.
@Steven Wong. Generally speaking, the mother price will be adjusted after investors acquired their free warrants. This exercise of free warrants is to reward to shareholder, or to improve general interest on company’s stock. Hence, it probably will move up before the issuance of free warrant. Btw the exercise value of the warrant had been fixed at 60 cents
@ChandranG. Thanks for the info. I am aware of the exercise price for the warrant but just wondering what could be the value of the warrant when is tradeable.
What Is an Exercise Price? The exercise price is the price at which an underlying security can be purchased or sold when trading a call or put option, respectively. It is also referred to as the strike price and is known when an investor initiates the trade. Exercise price also means listing price in a way
In a bourse filing, Artroniq said the exercise price of the warrants has been fixed at 65 cents apiece, which represents a discount of about 19.4% to the five-day volume weighted average market price of Artroniq up to Jan 17 of 80.67 cents
APB Resources Bhd announced more boardroom changes on 15th June 2023, including the appointment of 3 new independent and non-executive directors: Kee Wui Hong, Dang Nguk Ling and Tan Teik Hsiung. Just a day earlier, the group had announced the appointment of Kang Wei Lun as a new independent and nonexecutive director. Kang, Kee and Tan are also independent and non-executive directors of Artroniq Bhd. Will Atroniq follow APB rocket up? hehe
Time to sell before the private placement (PP) shares are credited to the subscribers CDS account for them to sell. 5 days support to determine PP share price over.
Time will tell. Personally, I will be buying the warrant on it's first day of listing, as they say anything which is free is not good most of the times.
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Posted by comebackkid > 2023-06-13 16:16 | Report Abuse
After 5pm announce ex-date?