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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Hexo completes acquisition
of Zenabis Global
Address: 205 - 1688 152nd
St
Surrey BC Canada V4A 4N2
Phone: 855 936 2247
Web Site: https://www.zenabis.com
Warrant
Symbol - ZENA.WT
Number Trading - 12,777,777
Expiration Date - April 17,
2022
Cusip - 98936N 11 0
Exercise Price - $1.98
Warrants called to trade news:
2021-06-01 12:43 ET - News Release
Warrants
Warrants to purchase Zenabis
shares, other than those exercised
prior to June 1, 2021, will
continue to remain outstanding as
warrants of Zenabis, which, upon
exercise, will entitle the holder
thereof to receive, in lieu of the
number of Zenabis shares to which
such holder was theretofore
entitled upon exercise of such
Zenabis warrants, the
consideration in the form of Hexo
shares that such holder would have
been entitled to be issued and
receive if, immediately prior to
the effective time, such holder
had been the registered holder of
the number of Zenabis shares to
which such holder was theretofore
entitled upon exercise of such
Zenabis warrants. All other terms
governing the warrants, including,
but not limited to, the expiry
term, exercise price and the
conditions to and the manner of
exercise, will be the same as the
terms that were in effect
immediately prior to the effective
time and shall be governed by the
terms of the applicable warrant
indenture or the applicable
warrant certificate.
As required by the warrant
indenture in respect of the
applicable warrants, Hexo has
entered into a supplemental
warrant indenture in respect of
such warrant indenture governing
applicable warrants. A copy of the
supplemental warrant indenture
will be available on Zenabis's and
Hexo's respective SEDAR profiles.
Listed Zenabis warrants
Prior to the completion of the
arrangement, Zenabis had
outstanding one class of warrants
to purchase Zenabis shares listed
on the TSX under the trading
symbol ZENA.WT. The listed Zenabis
warrants will continue trading on
the TSX but will commence trading
under the symbol HEXO.WT as of
June 3, 2021. The listed Zenabis
warrants will remain listed on the
TSX until the earliest to occur of
their exercise, expiry or
delisting. Hexo has entered into a
supplemental warrant indenture in
respect of the listed Zenabis
warrants, a copy of which will be
available on Zenabis's and Hexo's
respective SEDAR profiles.
We seek Safe Harbor.
© 2022 Canjex Publishing Ltd. All
rights reserved.
Zenabis Global warrants amended
The Toronto Stock Exchange reports
that Zenabis Global Inc. has
amended the terms of its common
share purchase warrants (ZENA.WT)
as a result of a recently
completed rights offering.
According to the TSX, each whole
warrant, originally exercisable
for one share at $2.75 per share
until April 17, 2022, is now
exercisable for 1.3888 shares at
$2.75 per share until April 17,
2022, representing an effective
exercise price of $1.98 per share.
For more information, see the TSX
bulletin dated Oct. 28, 2019, the
first supplemental warrant
indenture dated Nov. 28, 2019,
between the company and the
warrant agent, and the company's
news release dated Dec. 9, 2019.
The TSX notes that its May 23,
2019, bulletin incorrectly
disclosed the expiry date of the
warrants as April 18, 2022, not
April 17, 2022.
© 2020 Canjex Publishing Ltd. All
rights reserved.
Zenabis Global prospectus
offering, warrant listing
2019-04-17 17:31 MT -
Prospectus Approved
Pursuant to the offering,
12,777,777 common shares and
12,777,777 common share purchase
warrants of the company have been
issued. Each share purchase
warrant entitles the holder to
purchase one common share of the
company at an exercise price of
$2.75 until April 18, 2022.
Effective at the opening, Monday,
April 22, 2019, common share
purchase warrants of Zenabis
Global will commence trading on
the TSX Venture Exchange.
Capitalization on warrants:
unlimited warrants with no par
value, of which 12,777,777
warrants are issued and
outstanding
Warrant trading symbol: ZENA.WT
(new)
Warrant Cusip No.: 98936N 11 0
(new)
The warrants were issued pursuant
to the offering referenced above.
Each warrant entitles the holder
to purchase one common share of
Zenabis Global at a price of $2.75
per share and will expire on April
18, 2022.
© 2019 Canjex Publishing Ltd. All
rights reserved.
- 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.
