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Can someone with banking / deal-making experience explain to me how this warrant works? My point: If OpenAI exercises the warrant and buys 10% of AMD for 1 pen
by throwaway2037 1y ago
Can someone with banking / deal-making experience explain to me how this warrant works? My point: If OpenAI exercises the warrant and buys 10% of AMD for 1 penny per share, where does AMD get the shares? Or will they do a secondary offering and dilute existing shares? Or do they take from treasury holdings (of shares)? Or does AMD coordinate a buyback of shares, then deliver to OpenAI?
- TacticalCoder 1y ago[dead]
- deleted 1y ago[deleted]
- tim333 1y agoThey issue new shares. Or effectively already have by issuing the warrants.