Jun. 16 at 3:14 PM
$ITRM Attached from ChatGPT is the answer to the warrant question:
The June 30, 2025, expiration of certain warrants issued by Iterum Therapeutics (NASDAQ: ITRM) could influence the company's share price, depending on whether these warrants are exercised or allowed to expire.
Overview of the June 30, 2025 Warrants
In connection with a securities purchase agreement dated June 30, 2020, Iterum issued warrants to purchase up to 236,088 ordinary shares to designees of the placement agent. These warrants have an exercise price of
$1.8531 per share and are set to expire on June 30, 2025. As of September 30, 2024, these warrants had not been exercised .
Potential Effects on Share Price
Warrant Exercise: If holders exercise these warrants, the company would receive additional capital, which could be used for operational purposes. However, the issuance of new shares would increase the total share count, potentially diluting existing shareholders and exerting downward pressure on the share price.