Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Subscription = buying a stock directly from a company as part of an IPO or secondary public offering

Warrant = an option on the company's stock issued by that company, often containing special terms

Expiration = warrant is no good any more

Translation: The company gave out/sold subscription warrants on its own stock -- a contract that gives the holder of the warrants the option to buy stock in a secondary offering. The warrants had an original expiration date, but also contained special terms that allowed the company to move up the expiration date if it felt necessary. They're moving up the expiration date.

Thus saying, they don't need cash right now, or feel that the warrants are too-low priced, or don't want to dilute the stock any more.

Unless you're the holder of these warrants, this is most likely good.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.