In Lucids case, the terms of the warrants allowed Lucid to redeem them at a share price
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In Lucid’s case, the terms of the warrants allowed Lucid to redeem them at a share price of \($20.75\) shortly after the deal closed. They chose to honor these warrants on a “cashless basis” by issuing new shares with equivalent value to the exercise value of the warrants at this stock price. How many new shares did Lucid issue as a result?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780137852581
6th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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