Jul. 5 at 2:06 PM
$MAAS
The exercise price of the warrants is structured in two tranches: 50% of the warrants are exercisable at 200% of the Per Share Purchase Price, with the remaining 50% exercisable at 250%.
this means that warrants can be exercised at these prices: (
$4.16 and
$5.20), meaning the warrants only become valuable if the share price goes significantly up.
They don’t raise money now—they provide potential future funding if exercised.
might i come back on Monday 🤷