Old Warrants, New Reality: The Calculated Return of Repricing

If you sit on the board of a small cap issuer, lead a development stage company, or advise one as CFO or general counsel, warrant repricings are back on your radar for a reason. Legacy strikes set in a very different market are sitting well above today’s trading prices, and cash needs are not waiting for valuations to recover. The mechanics may look straightforward, but the real risk and opportunity sit beneath the headline terms.... By: Procopio, Cory, Hargreaves & Savitch LLP