Aspire Bi clarified that its public warrants now carry an exercise price of $13,800 and a ratio of 1,200 warrants per share following two reverse stock splits.
Key Highlights:
- Warrants originally issued Feb 23, 2022 (symbol ASPBW) had an $11.50 initial exercise price adjusted by corporate actions.
- Company completed a 1-for-30 reverse split on Jan 16, 2026 and a 1-for-40 reverse split on May 11, 2026.
- Combined effect of the two reverse splits sets the warrant exercise price at $13,800 per share.
- Warrant conversion ratio is now 1,200 warrants to purchase one share of common stock, impacting dilution and exercise economics.
Original SEC Filing:
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