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What happens if I don sell or excersise the warrants before the expiry date?

April 26, 2017excersise expiry happens sell Warrants

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What happens if I don sell or excersise the warrants before the expiry date?

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If you don’t exercise the warrants on or before the last day they will expire worthless. If you are not planning on exercising the warrants then you MUST sell the day before the expiry day as the last day is for exercising only. If you are buying warrants to exercise and it is near the expiry date check with your broker as it takes three days for stocks or warrants to settle (meaning you own them) so buying warrants on the second last day before expiry may make it a best effort only when it comes to exercising.