Jadi's RM35mil warrant proceeds hang in balance as shares lag exercise price
KUALA LUMPUR: Jadi Imaging Holdings Bhd looks unlikely to realise nearly RM35 million in potential proceeds from 699.64 million warrants expiring next month, with its shares currently trading below the warrants' exercise price.
Jadi Imaging Holdings Bhd's potential RM35 million proceeds from warrants are uncertain as shares trade below exercise price. The company's shares are currently at 3.5 sen, 1.5 sen below the five-sen price warrants must be paid to convert them. Jadi described the warrants as 'out-of-the-money' based on the current share price. With 699.64 million warrants outstanding, full conversion could bring in RM34.98 million.
However, the shares need to rise 43% to reach the five-sen exercise price. Warrants will expire on Sept 14, with trading suspended on Aug 27.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
