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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Miami FL USA 33131
Phone: 556 698 9326
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Warrant
Symbol - AGRI.WT.U
Number Trading - 22,510,000
Expiration Date - July
25, 2027
Cusip - 00857H 11 4
Exercise Price - $11.50 (U.S.)
Warrants called to trade news:
Agrinam Acquisition
separation of units
2022-07-21 18:50 ET - Symbol
Change
The TSX reports that there will be
13,800,001 Class A restricted
voting shares, 22.51 million
warrants and 13.8 million rights
issued and outstanding, with 23.89
million Class A restricted voting
shares reserved for issuance. The
Class A restricted voting shares
will trade under the symbol AGRI.U
and Cusip No. 00857H 10 6, the
warrants will trade under the
symbol AGRI.WT.U and Cusip No.
00857H 11 4, and the rights will
trade under the symbol AGRI.RT.U
and Cusip No. 00857H 12 2. The
securities will trade in U.S.
dollars and the temporary
market-maker is Citadel Securities
Canada ULC.
Principal terms of the warrants
According to the TSX, the warrants
will become exercisable commencing
65 days after the completion of a
qualifying acquisition, with each
warrant exercisable to purchase
one Class A restricted voting
share. As the outstanding Class A
restricted voting shares will have
been automatically converted into
common shares, after the
completion of the qualifying
acquisition, each warrant
outstanding will be exercisable
for one common share. The warrant
exercise price will be $11.50
(U.S.), subject to adjustments as
more fully disclosed in the
prospectus. The warrants will
expire at 5 p.m. Toronto time on
the day that is five years after
the completion of the qualifying
acquisition. The warrants may
expire earlier if a qualifying
acquisition does not occur within
the deadline or if the expiry date
is accelerated as more fully
disclosed in the prospectus.
For more information, see the TSX
bulletin dated June 13, 2022.
© 2022 Canjex Publishing Ltd. All
rights reserved.
- 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.
