Motricity anticipates that the Series J preferred stock and the common stock warrants
will be quoted on the OTC under the symbols MOTRP and MOTRW, respectively.
75 aggregate reduction in the exercise price of the Common Stock Warrants
, the continued valuable role played by the organizers in Empire State Bank and the Company's need for additional capital to support its business plan.
A stock warrant
is generally available to the public on the open market, where it can be exercised or traded.
9, 1993, the taxpayers executed an assignment of their stock warrants
to four charities.
This hybrid form of financing can be attractive to lenders because of the potentially high return available if the borrower experiences significant growth and prosperity, and the lender exercises the stock warrants
This transaction also provides those investors with common stock warrants
which are exercisable for up to a combined total of 600,000 shares of the Company's common stock at any time until June 14, 2010, at an exercise price of $2.
In addition to the common stock, three classes of stock warrants
are also outstanding.
In partial consideration for the exercise of the Series A Common Stock Purchase Warrants, the Company is also issuing new common stock warrants
to the investors.
NYSE: SEI) today said that, at the company's request, 21 of its officers, other employees and directors will exercise in the near future stock warrants
and non- qualified options originally granted in 1990 and earlier, which would otherwise expire over the next four to 11 months.
This dramatic announcement follows closely on the heels of the Company's announcement last week of a buy-back program for up to 20 million stock warrants
and the conversion and retirement of all outstanding debentures.
LOS ANGELES, March 2 /PRNewswire/ -- California Federal Bank (NYSE: CAL) announced today the adjustments to the price of its common stock warrants
(NASDAQ: CALWW) and its 7.
ECSI is also issuing common stock warrants
to the investors to purchase up to 434,783 shares of common stock of ECSI, exercisable through January 11, 2009 at an exercise price of $2.