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.
Finally, stock investors may want to consider using stock warrants
in their portfolios.
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.
The offering of the new shares of Class A Common Stock and the new Common Stock warrants
(including the shares of Common Stock underlying the new warrants) to the debentureholders was made in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act").
(which are essentially the same as stock options) allow a holder to purchase the issuer's stock at an exercise price within a defined period Warrants are an attractive way to allow lender to potentially increase its overall return on debt otherwise issued at lower interest rate.
also has extended the expiration date of the company's common stock warrants
(exercise price $2.
Gerald and Henrietta Rauenhorst owned stock warrants
in NMG, Inc.
The preferred stock warrants
were issued in 2000 in connection with the issuance of the Series A preferred stock.
Nasdaq: AJAY) today announced its unaudited financial results for the third quarter ended September 30, 1994, along with updated information on the extension of its common stock warrants
and changes in its stock symbol.
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.