Oct. 4 at 1:01 AM
$SINT i understand the market reacting negatively to ATM offering.. but 835k shares of the offering have a weighted average exercise price of 9.71
for those who don’t know what that means.. it means those warrants aren’t considered ITM (in the money or in profit) until they company is consistently trading at 9.71 or higher.
meaning thise warrants won’t be executed at anything under the
$12-13ish dollar range realistically. this means you can relax, and not worry about the stock price tanking. of course the market is going to over react on a friday to an ATM offering, however i think this rebounds back to
$4 by end of day tuesday/wednesday
