THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Vancouver BC Canada V6B 0M3
Phone: 630 824 8199
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Warrant Symbol -
FGAA.WT.U
Number Trading - 10,100,000
Expiration Date - May 16, 2027
Cusip - 30327L 11 4
Exercise Price - $11.50 USD
Warrants called to trade news:
FG Acquisition separation of units
2022-05-12 17:57 MT - Miscellaneous
The Toronto Stock Exchange reports that FG Acquisition Corp.'s Class A
restricted voting units will separate into Class A restricted voting shares and
warrants. According to the TSX, the shares and warrants will be listed and
posted for trading at the open on May 16, 2022, and the units will be delisted
at the same time. There will be 11.5 million shares and 10.1 million warrants
issued and outstanding, and 11.6 million shares reserved for issuance. The
shares will trade under the symbol FGAA.U and Cusip No. 30327L 10 6, and the
warrants will trade under the symbol FGAA.WT.U and Cusip No. 30327L 11 4. Both
the shares and warrants will trade in U.S. dollars.
Principal terms of the warrants
According to the TSX, each whole warrant will entitle the holder to purchase one
Class A restricted voting share. The warrants will become exercisable, at $11.50
(U.S.) per share, commencing 65 days after the completion of the qualifying
acquisition. As the Class A restricted voting shares will have been
automatically converted into common shares, each whole warrant will then be
exercisable for one common share. The TSX notes that the initial public offering
(IPO) warrants shall contain a right to require the sponsors to acquire such IPO
warrants in connection with a qualifying acquisition or winding up for $1.25
(U.S.) per IPO warrant.
The warrants will expire at 5 p.m. Toronto time on the day that is five years
after the completion of the qualifying acquisition, subject to an acceleration
clause. If the expiry date is accelerated, the company's board will have the
option to require all holders wishing to exercise the accelerated warrants to do
so, in whole or in part, on a cashless basis.
For more information, see the final prospectus dated March 28, 2022, and the TSX
bulletin dated April 1, 2022.
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- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
