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
Quick Links:
Back to Home Page Back to Warrant Sheets
Back to Expired Warrants
Willow to accelerate
expiry of October, 2020, warrants
Address: 202 - 1201 5th St SW
Calgary AB Canada T2R 0Y6
Phone: 403 669 4848
Web Site:
https://www.willowbio.com/
Warrant Symbol - WLLW.WT
Number Trading - 8,846,153
Expiration Date - October 28,
2022
Cusip -
97111B 11 5
Exercise Price - $0.85
Warrants called to trade news:
Willow Biosciences warrants to
trade on TSX
2020-10-27 18:52 MT -
Warrants Called to Trade
The Toronto Stock Exchange reports
that Willow Biosciences Inc.
warrants will be listed and posted
for trading at the open on Oct.
28, 2020, subject to confirmation
of the closing of a public
offering. According to the TSX,
the warrants will trade under the
symbol WLLW.WT, in Canadian
dollars and under Cusip No. 97111B
11 5.
As stated in its prospectus
supplement dated Oct. 23, 2020,
the company will issue up to
15,384,615 units (before the
overallotment option) at 65 cents
per unit in a public offering.
Each unit will consist of one
share and one-half of one warrant,
with each whole warrant
exercisable at 85 cents per share
until 5 p.m. Calgary time on the
date that is 24 months after the
closing date of the offering.
According to the TSX, the units
will separate immediately upon the
closing of the public offering.
The TSX has issued a separate
bulletin regarding the listing of
the shares.
© 2020 Canjex Publishing Ltd. All
rights reserved.
2021-01-25 07:09 ET - News Release
Willow Biosciences Inc. has
elected to exercise its right
under the terms of a warrant
indenture dated Oct. 29, 2020,
governing the common share
purchase warrants of the company
issued on Oct. 29, 2020, to
accelerate the expiry date of the
2020 warrants.
Pursuant to the warrant indenture,
the company may accelerate the
expiry of the 2020 warrants in the
event the volume-weighted average
trading price of the common shares
of the company on the Toronto
Stock Exchange exceeds $1.20 for
at least 20 consecutive trading
days by delivering written notice
to the holders of the 2020
warrants within 10 business days
of the acceleration trigger. The
2020 warrants will, unless
exercised, expire on the 30th day
after the company provides the
acceleration notice.
As of the close of markets on Jan.
22, 2021, the 20-day
volume-weighted average trading
price of the common shares was in
excess of $1.20. Accordingly,
Willow will deliver the
acceleration notice to all
registered warrantholders on Jan.
26, 2021, and pursuant to the
warrant indenture, such
acceleration notice will be deemed
to have been delivered on Jan. 29,
2021. Any 2020 warrants that have
not been exercised by 5 p.m.
Calgary time on Feb. 28, 2021,
will automatically be cancelled.
- 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.
