AGAE
Allied Gaming & Entertainment Inc.
Mentions (24Hr)
0.00% Today
Reddit Posts
Mentions
That clause refers to a forward split, i.e. if the company issues 2 shares for every existing share. In that case, if each warrant previously exercised for one share for $11.50, then after that forward split, each warrant would exercise for two shares for $11.50. A ***rights offering*** is different from a forward split, in that common shareholders have to ***pay*** for the extra shares. Based on how much the common shareholders pay if/when the rights are exercised, that determines what the new exercise price/ratio would be. Rights offerings are fairly rare ( after the business combination has closed ), and are often offered as an anti-taker defense. For example, Terran Orbital ( LLAP LLAP.WS ) recently offered one: [Terran Orbital Corporation Adopts Limited Duration Stockholder Rights Plan; Independent Committee of the Board will Determine Course of Action in Best Interest of all Stockholders](https://www.businesswire.com/news/home/20240303300390/en/Terran-Orbital-Corporation-Adopts-Limited-Duration-Stockholder-Rights-Plan-Independent-Committee-of-the-Board-will-Determine-Course-of-Action-in-Best-Interest-of-all-Stockholders) "While the Rights Plan is effective immediately, the rights generally would become exercisable only if a person or group (including a group of persons that are acting in concert with each other) acquires beneficial ownership, as defined in the Rights Plan, of 15% or more of the Company’s common stock in a transaction not approved by the Board. In the event that the rights become exercisable due to the ownership threshold being crossed, each right will entitle its holder (other than the person, entity, or group triggering the Rights Plan, whose rights will become void and will not be exercisable) to purchase at the exercise price, common stock having a market value equal to twice the exercise price. Pursuant to the Rights Plan, the Company will issue one right for each outstanding share of the Company’s common stock to stockholders of record on the close of business on March 14, 2024." [Allied Gaming & Entertainment ( AGAE AGAEW )](https://www.businesswire.com/news/home/20240206921969/en/Allied-Gaming-Entertainment-Inc.-Adopts-Limited-Duration-Shareholder-Rights-Plan) and [Heliogen ( OTC: HLGN HLGNW )](https://www.businesswire.com/news/home/20240416485753/en/Heliogen-Extends-Limited-Duration-Stockholders-Rights-Plan) also released similar plans. ​ >Are there specific examples of substantial new share offerings with de-SPAC companies where the warrant exercise price did not change to compensate? **Yes, literally hundreds of examples**. Something like 90% of deSPACs are trading below the initial $10 NAV value of the stock. Many of them have issued new securities at prices well below $9 in order to raise funds for operations or acquisitions. **Zero of them ( that would be 0% ) have ever adjusted the warrant terms due to such new stock issuances.** For example, Stryve ( SNAX SNAXW ) [sold $35 million worth of securities](https://www.globenewswire.com/news-release/2022/01/11/2365263/0/en/Stryve-Foods-Inc-Closes-35-0-Million-in-Private-Offering-to-Support-its-Growth.html), both common stock and new warrants, in January 2022. "The Common Stock and Warrants were sold at a combined purchase price of $3.40" SNAXW terms ***were not adjusted*** after that sale. However, on July 14, 2023 SNAX [performed a 1 for 15 reverse split](https://www.globenewswire.com/news-release/2023/07/13/2704273/0/en/Stryve-Foods-Inc-Provides-Preliminary-Financial-Highlights-for-Second-Quarter-2023-and-Announces-Reverse-Stock-Split.html). After that split, it now takes 15 SNAXW plus $172.50 to exercise for share of SNAX. "The Company’s 10,997,500 outstanding public warrants that trade on Nasdaq under the symbol “SNAXW” will adjust to the right to purchase 0.0666667 shares of Class A common stock for an exercise price of $172.50." ( That press release was poorly worded. It should read "for an exercise price of $172.50 ***per whole share***". ) 15 x 0.0666667 = 1
Watch put for AGAE stock bull run
Watch put for AGAE stock bull run
Moves tomorrow:?? Really small investor who reads up on these Wall Street Beats and takes some risks based on comment and suggestions to beat Wall Street. Well Wall Street has beaten me down over the last two plus years, almost 3 now. Invest nearly all our home improvement fund of 10k and now it’s down to less than 2k 10k was or is a lot money for us, originally was just hoping to cash in and make a few more home improvements and have a little extra for a family vaca at the end but it’s been almost 3 hrs of losing $ Lost 71% of stock value in AGAE lost almost $6500 Lost 97% of stock value in CENN lost almost $2200 Another $100+ lost in CLOV, FAMI, and GAXY about 90% of what was invested. WallStreet community do your thing or anything and help this small time investor get back $0…yea zero just so we can make these home improvements that have been waiting for 3 plus years to complete
AGAE at $1.20 with $2/share in cash and $10M stock buyback.
Also have Jan Blackhurst for vegas casino connections. Could see a merger with $AGAE Jan with vegas connections and the Ceo with canadian casino connections could be a potent mixture for future esports gaming.