SLHO, the warrants appear to have:
$6 exercise but no defined expiration date (from different files)
From the POS AM:
This Prospectus also relates to an additional 1,579,500 shares of Common Stock consisting of (i) 1,053,000 shares issuable upon conversion of the Company's Series A Convertible Cumulative Redeemable Preferred Stock (the "Preferred Shares") which were included in Units (each Unit consisting of one Preferred Share and one Common Stock Purchase Warrant) offered to the public in February 1997; and (ii) 526,500 shares of Common Stock issuable upon exercise of the Warrants included in such Units (the "Unit Warrants"). The components of the Units as of September 22, 1997.
(CONTINUED ON PAGE 2)
-------------------------------------------------------- ---------------------- ------------------------- -----------------------
Price to Security Warrant Proceeds to the
Holder(1)(2) Solicitation Fee(3) Company(2)(4)
-------------------------------------------------------- ---------------------- ------------------------- -----------------------
For Exercise of Warrants $6.00 $0.60 $5.40
Total $13,622,400 $1,362,240 $12,260,160
For Exercise of Underwriter's Stock Warrants $8.25 --- $8.25
Total $825,000 --- $825,000
For Exercise of Underwriter's Warrants $0.225 --- $0.225
Total $31,500 --- $31,500
-------------------------------------------------------- ---------------------- ------------------------- -----------------------
(1) The exercise prices were arbitrarily determined in connection with the Company's Initial Public Offering and are not related to the Company's assets, book value of the shares of Common Stock issuable upon exercise of the Warrants, the Underwriter's Stock Warrants, or the Underwriter's Warrants.
...
a bit dark, the whole thing...
C. |
