On May 30, 2024, Smart For Life Entered Into Warrant Solicitation Inducement Letters With The Foregoing Holders Of The Existing Warrants, Agreed To Exercise The Existing Warrants For Cash At A Reduced Exercise Price Of $4.25 Per Share
Portfolio Pulse from Benzinga Newsdesk
On May 30, 2024, Smart For Life entered into warrant solicitation inducement letters with holders of existing warrants, agreeing to exercise the warrants for cash at a reduced exercise price of $4.25 per share.
May 31, 2024 | 12:08 pm
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Smart For Life entered into warrant solicitation inducement letters, agreeing to exercise existing warrants for cash at a reduced price of $4.25 per share. This could lead to increased liquidity and potential short-term price volatility.
The reduced exercise price of $4.25 per share may incentivize warrant holders to exercise their warrants, leading to increased liquidity for Smart For Life. This could result in short-term price volatility as the market reacts to the increased share supply.
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