Stock option expensing

Verra Mobility Schedules First Quarter 2021 Earnings Call and Announces Response to SEC Guidance Relating to Warrants Issued by Special Purpose Acquisition Companies

Retrieved on:

Friday, May 7, 2021

Finance, Corporate finance, United States Generally Accepted Accounting Principles, Financial economics, Equity securities, Valuation, Options, Warrant, Fair value, Equity, Stock option expensing, Mark-to-market accounting

Following its review of the SEC Statement, the Company reevaluated the accounting treatment of its warrants as equity.

Key Points:

Following its review of the SEC Statement, the Company reevaluated the accounting treatment of its warrants as equity.
It concluded that, based on the SEC Statement, the Company\'s private placement warrants should be, and should have been, classified as a liability measured at fair value, with non-cash fair value adjustments recorded in earnings at each reporting period.
They are based on currently available information about the outcome and timing of future events, certain of which are beyond the Company\'s control.
Any or all of these occurrences could cause actual results to differ from those in the forward-looking statements.\n'

REPAY Announces Response to SEC Guidance Issued on April 12, 2021 Applicable to Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)

Retrieved on:

Friday, April 30, 2021

Professional services, Retail, Other Retail, Technology, Software, Finance, Hardware, Finance, Corporate finance, Money, Equity securities, Options, Warrant, Equity, Consolidation, Arrest warrant, Special-purpose acquisition company, Stock option expensing

On the closing of the Business Combination, Thunder Bridge changed its name to Repay Holdings Corporation.

Key Points:

On the closing of the Business Combination, Thunder Bridge changed its name to Repay Holdings Corporation.
On July 27, 2020, the Company completed the redemption of all outstanding Warrants.\nConsistent with market practice among SPACs, the Company had been accounting for the Warrants as equity.
When Warrants are exercised, the fair value of the liability on the date of exercise is reclassified to Additional paid-in capital within equity.
These forward-looking statements include, but are not limited to, accounting impacts relating to the Warrants.

Vincerx Pharma Announces Redemption of Public Warrants

Retrieved on:

Monday, April 5, 2021

Equity securities, Options, Corporate finance, Finance, Money, Warrant, Financial economics, Covered warrant, Stock option expensing

At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.

Key Points:

At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.
This means that only an even number of Public Warrants may be exercised at any given time by a holder.
Any Public Warrants that remain unexercised following 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant.
Forward-looking statements include, but are not limited to, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants.

Evo Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing April 1, 2021

Retrieved on:

Monday, March 29, 2021

Finance, Financial markets, Money, Equity securities, Corporate finance, Stock market, Options, Warrant, NASDAQ, Stock, Ticker symbol, Stock option expensing

No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Key Points:

No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
The shares of ClassA common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols EVOJ and EVOJW, respectively.
Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol EVOJU.
Holders of units will need to have their brokers contact Continental Stock Transfer& Trust Company, the Companys transfer agent, in order to separate the units into shares of Class A common stock and warrants.

Thunder Bridge Capital Partners III Inc. Announces the Separate Trading of its Class A Common Stock and Warrants, commencing March 29, 2021

Retrieved on:

Friday, March 26, 2021

Finance, Financial markets, Money, Corporate finance, Equity securities, Stock market, Options, Warrant, NASDAQ, Stock, Ticker symbol, Stock option expensing

ClassA common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols TBCP and TBCPW, respectively.

Key Points:

ClassA common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols TBCP and TBCPW, respectively.
No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol TBCPU.
Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Class A common stock and warrants.

GigCapital4, Inc. Announces the Separate Trading of its Common Stock and Warrants Commencing April 1, 2021

Retrieved on:

Friday, March 26, 2021

Professional services, Finance, Financial markets, Finance, Financial economics, Equity securities, Corporate finance, Stock market, Options, Warrant, Stock, Share, Stock option expensing, Ticker symbol

Each unit consists of one share of common stock and one-third (1/3) of one redeemable warrant of the Company.

Key Points:

Each unit consists of one share of common stock and one-third (1/3) of one redeemable warrant of the Company.
Each whole warrant entitles the holder to purchase one share of common stock of the Company at a price of $11.50 per share.
For each public unit, one share of common stock and one-third (1/3) of one warrant will be issued.
The common stock and warrants are expected to trade under the symbols GIG and GIGGW, respectively.

Nextleaf Announces Launch of Early Warrant Exercise Incentive Program and Repricing

Retrieved on:

Tuesday, March 23, 2021

Options, Equity securities, Finance, Corporate finance, Money, Warrant, Financial economics, Incentive program, Stock option expensing, Covered warrant

Under the incentive program, the Company is offering an inducement to each Warrantholder who exercises their Warrants prior to May 15, 2021.

Key Points:

Under the incentive program, the Company is offering an inducement to each Warrantholder who exercises their Warrants prior to May 15, 2021.
All Warrants exercised prior to May 15, 2021 will receive one additional share purchase warrant (each, an "Incentive Warrant") for each Warrant exercised.
Each Incentive Warrant will entitle the holder to purchase one additional Share at $0.35 per Share until May 15, 2022 (the "Term"), subject to acceleration.
Any Shares issued upon exercise of the Incentive Warrants will be subject to a statutory four-month and one day hold period from the date of issuance of the Incentive Warrants.

Desktop Metal, Inc. Announces Redemption of Public Warrants

Retrieved on:

Friday, February 26, 2021

At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.

Key Points:

At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.
The Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants, at the exercise price of $11.50 per share.
Any Public Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant.
None of the Company, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants.

Tastemaker Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 1, 2021

Retrieved on:

Wednesday, February 24, 2021

Finance, Financial markets, Money, Corporate finance, Equity securities, Stock market, Options, Warrant, NASDAQ, Stock, Ticker symbol, Stock option expensing

No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Key Points:

No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
The shares of ClassA common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols TMKR and TMKRW, respectively.
Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol TMKRU.
Holders of units will need to have their brokers contact Continental Stock Transfer& Trust Company, the Companys transfer agent, in order to separate the units into shares of Class A common stock and warrants.

7GC & Co. Holdings Inc. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing February 12, 2021

Retrieved on:

Thursday, February 11, 2021

Finance, Financial markets, Money, Equity securities, Corporate finance, Stock market, Options, Warrant, NASDAQ, Stock, Ticker symbol, Stock option expensing

No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Key Points:

No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
The shares of ClassA common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols VII and VIIAW, respectively.
Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol VIIAU.
Holders of units will need to have their brokers contact Continental Stock Transfer& Trust Company, the Companys transfer agent, in order to separate the units into shares of Class A common stock and warrants.