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Warrants
Jul 8, 2020 6:28:34 GMT -5
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Post by bthomas55ep on Jul 8, 2020 6:28:34 GMT -5
Sorry if this is a duplicate. If so, please disregard.
Did anyone ever confirm if the Warrants set to expire June 26th were executed?
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Post by agedhippie on Jul 8, 2020 9:00:44 GMT -5
Sorry if this is a duplicate. If so, please disregard. Did anyone ever confirm if the Warrants set to expire June 26th were executed? You cannot tell for sure until the Q2 results are filed in which case the money will show in the accounts. That, or someone in Mannkind announces it. |
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Post by matt on Jul 8, 2020 9:46:11 GMT -5
Sorry if this is a duplicate. If so, please disregard. Did anyone ever confirm if the Warrants set to expire June 26th were executed? You cannot tell for sure until the Q2 results are filed in which case the money will show in the accounts. That, or someone in Mannkind announces it. What agedhippie said. There is no SEC requirement to announce a warrant exercise so the company is under no obligation to disclose that until the next quarterly financial statements due in mid-August. However, since the share price was well in excess of the strike price I think you can assume that all the warrants were exercised in due course. Those that invest in warrants generally keep very close track of the underlying security prices as the expiration dates approach and even if those individuals don't want to exercise, there is a robust secondary market where they can sell the warrant to another accredited investor. |
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