What is the strike price for the warrants that were issued to the preferred stock holders and when do they expire?
The strike price for the warrants distributed to the trust preferred holders (Series B warrants) is $20.54 and they are exercisable for up to 5 years from the date of issue, January 3, 2006. • What are Escrow Shares as they relate to the old Mirant equity? I held the “old” Mirant common stock and now own “new” Mirant common stock and Series A warrants. I am also seeing a note in my account about Escrow Shares. What do they represent? Holders of the old Mirant common stock received three distributions upon emergence from Chapter 11. They received new common stock, Series A warrants and rights to 50% of any net litigation proceeds from certain legal proceedings that have not yet been settled. The Escrow Shares essentially serve as a record of who owned old Mirant common stock and who should receive any resulting proceeds. In most cases, these shares will continue to be shown in your account until the litigation is resolved. At this time we cannot predict what the timing will be for resol
Related Questions
- What can be done if, later in the fiscal year, a school corporation needs a larger amount of money than the amount of warrants originally issued?
- What is the strike price for the warrants that were issued to the preferred stock holders and when do they expire?
- What is the strike price for the warrants being issued to the former common stock holders and when do they expire?
