RE: Not much going on22 Jul 2025 14:33
The warrants had an acceleration clause. Wonder if its the co. forcing these redemptions ? If so not doing their holders any favours.
Anyone done the maths on how many left?
"Each Financing Share and Service Share has an attaching warrant to subscribe for a further new ordinary share at an exercise price of 3.75p and with a life to expiry of 3 years from Admission to trading of the new Ordinary Shares, pursuant to the Financing (in total 22,256,000 “Financing and Service Warrants”).
The Financing and Service Warrants are subject to an acceleration clause whereby should Coinsilium shares trade at a volume weighted average share price of 11.25p or higher for 5 trading days, the Company shall have the right but not the obligation to serve notice to warrant holders, providing ten business days' notice to exercise and pay for any outstanding warrants (the “Acceleration”). The Acceleration may be undertaken in stages, at the Company’s volition."