THE INVESTOR'S GUIDE TO WARRANTS:
Capitalize on the Fastest Growing Sector of the
Stock Market, Second Edition (Hardcover)
by Andrew McHattie Rating: ISBN-10: 027303751X
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Address: 7050 - 100 King
St W
Toronto ON Canada M5X 1C7
Phone: 416 360 6390
Web Site:
https://www.alignvestacquisition.com/
Warrant Symbol -
SFC.WT
Number Trading - 34,774,993
Expiration Date -
December 5, 2024
Cusip - 78669Q 11 8
Exercise Price - $11.50
Warrants called to trade news:
Alignvest Acquisition II name
change to Sagicor
2019-12-05 12:12 MT -
New Listing
Further to its bulletin dated
April 30, 2019, the Toronto Stock
Exchange reports that the
shareholders of Alignvest
Acquisition II Corp. has closed
the acquisition of Sagicor
Financial Corp. Ltd. (Old
Sagicor), effective Dec. 5, 2019.
The company has changed its name
to Sagicor Financial Company Ltd.
(New Sagicor).
Effective at the open on Dec. 9,
2019, the common shares and
warrants of New Sagicor will begin
trading on the TSX, and the Class
A restricted voting shares and
warrants of Alignvest will be
delisted. There will be
147,838,909 common shares and
34,774,993 warrants of New Sagicor
issued and outstanding, with
62,480,068 shares reserved for
issuance. The New Sagicor shares
will trade under the symbol SFC
and Cusip No. 78669Q 10 0, and the
New Sagicor warrants will trade
under the symbol SFC.WT and Cusip
No. 78669Q 11 8.
According to the TSX, the New
Sagicor warrants will be
exercisable at $11.50 per New
Sagicor share starting 30 days
following the closing of the
qualifying acquisition, until 5
p.m. Toronto time on December 5,
2024, the day that is five years
following the closing of the
qualifying acquisition. They may
expire earlier if the expiry date
is accelerated. The TSX notes that
the New Sagicor warrants will have
the same terms as the Alignvest
warrants, except for the cashless
exercise feature, which will be
removed. Refer to the TSX bulletin
dated June 29, 2017, for a summary
of the terms fo the Alignvest
warrants.
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- Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
- Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
- Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
- Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
- Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
