What are the terms of the warrants? What is the value of the warrants?
A4. The warrants will have a five-year term with a strike price of $37.50 per share and will be issued when the settlement proceeds are distributed to the claimants. The warrants will be exercisable at any time during the five-year term and will be listed on the New York Stock Exchange (NYSE) and freely tradable. Once the warrants are issued, the NYSE will report the price of warrants as they are traded. The warrants will expire five years from the date of issuance. Because the holder of warrants does not actually own the underlying shares (unless the holder exercises the warrants), the holder does not receive any dividends on the underlying shares nor has the power to vote them.
