Sep. 10 at 2:37 AM
$CREX CRI has a sizable warrant overhang, with 5,364,802 outstanding at June 30, 2025. The weighted average exercise price of the outstanding warrants is
$4.66. While this level of dilution is not ideal, a huge part of this dilution would not occur without significant price appreciation from today’s levels, given how out-of-the-money these warrants are. Execution in second half is paramount. Only 21 days remaining in Q3 25.
