Jul. 14 at 1:04 PM
$EOSE It takes 14 rights buy a Unit. SO a full unit, through rights, costs ~
$0.31 cents. Add that to the subscription price of
$5.48 and you get total cost to buy a share through rights today of ~
$5.79.
Subtract current price of
$EOSE from that number and you get
$1.44. That is what the market is pricing for the 0.4388 warrants that come with each unit. Or ~
$3.27 for a full warrant.
Those warrants will start trading once offering is complete. If you think they are worth more than
$3.27, then the arbitrage math says should short
$EOSE, buy rights and exercise.
This is why stock price is locked in a range. It is tied to the warrants with a 10 year time value. I expect fireworks once offering is complete.
