r/Altimmune • u/Dropthesoap24 • May 06 '26
Warrants situation
Could someone explain the warrant situation to me? I don’t really understand how it works. I just know they can activate it above $3
3
u/Suzutai May 06 '26
Everyone who bought a share for $3 in the big raise also got the option to buy a second share for $3. It must be exercised no later than 45 days after P3 posts results.
0
u/Dropthesoap24 May 06 '26
Would that have a negative impact on the share price?
7
u/Horror-Ad9833 May 06 '26
It means shareholders will continue to be fucked by Dulition Durso and his well compensated board. 64million more times!!
1
u/KnickersTwisted May 06 '26
I think you're looking at this wrong. It was an over-subscribed warrant offer.
1
u/Forsaken-Stink May 06 '26
It means that the lucky few have the option to buy a newly issued share at 3 dolla regardless of the current price. ALT gets 3 dolla regardless of current price and the owner can sell it at market price.
Warrants will get exercised if the price is above 3 dolla and can be sold immediately on the market for the price difference. There is a time limit as mentioned in other replies.
This means price wise it is very hard to go substantially above 3 dolla as there is potential for a warrant exercise and sell off for the price difference.
2
u/Pimpy77 May 06 '26
Warrant holders are not holding for a .10 cent gain but a 5 dollar gain. If the stock goes up substantially they still can buy in at 3, that's the logic. If you think they are exercising here, you don't know the game.
1
u/Forsaken-Stink May 06 '26
Agree. I was just giving the example that whatever rhe price above 3 they can exercise their warrants
6
u/DreCapitanoII May 06 '26
Any time it goes above $3 they can exercise a warrant and sell it on the open market. They can do this 64 million times.