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An announcement that you are going private is a corporate action and triggers an adjustment of the warrant. > the announcement by the Issuer of any intention
by shapefrog 5y ago
An announcement that you are going private is a corporate action and triggers an adjustment of the warrant.
> the announcement
by the Issuer of any intention to enter into a Merger Event or Tender Offer
As to the validity of a tweet being a public statement: prior art is Tesla themself
> In a Form 8-K filed on November 5, 2013, Tesla had
identified Mr. Musk’s personal Twitter account as a source of material public information about
the company and encouraged investors to review that account.
The adjustments happened both ways, for the announcement of going private and them abandoning going private.