No longer or not yet trading with the attached warrant.
Like...a given stock is going to be created or spun out of an existing company. That stock has a share of ownership that it represents and, additionally, if you are a shareholder in the old company, you get, say, one warrant for each share that is traded. But the shares aren't floating yet; they're not trading. So, at the moment, they are trading ex-warrant. As soon as they are trading, then the warrant gets attached and it becomes part of the purchase when those shares are traded.
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Finance: What is a Rights Offering?6 Views
finance a la shmoop what is a rights offering all right people think a right
to buy and buy at a discount kind of companies may be fearful of a hostile [Woman pointing at woman behind reception desk]
takeover or some other big bad event that harms them and they want to give
existing shareholders preferential treatment over external non shareholders [Shareholders at a night club]
this rights offering is essentially a hostile takeover defense so they might [Bear attacking rights offering]
say ok pals for the next 60 days you have the right to buy an additional
share of our stock which is currently trading for 312 dollars each for $200 a [Man discussing company stock at presentation]
share and note the discount wink wink and you need to currently own 5 shares
for every one that you'll then buy sound like a plan well that is the company is [Man throws rights offering to woman]
offering those rights to buy at a discount and the shareholders can sell
those rights to other non shareholders for cash in essence is kind of a funky
one-time dividend that actually hurts both the would be external hostile [Metal anvil land on a bear]
takeover people but unfortunately also hurts the employees who have stock
options not actual shares so then they suffer the dilution of this rights [Anvil lands on employees]
offering with nothing to show for it yeah and you may ask is there such a
thing as a hostile take under mmm wondering about that [People protesting outside metal fence]
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