Sentences with phrase «when unexercised»
Quadrant will be offering for sale 20 million tokens, which will represent approximately 17 % of all diluted Quadrant Tokens (when unexercised obligations are taken into account).
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Of course, not all share holders exercise their right and the immediate effect is that the share price typically drops to near the discounted price when the announcement is made in anticipation of unexercised shares being offered in the market.