The warrants as of today are not amazing, but seem reasonable. $0.229 total cost of conversion vs $0.133 SP today. But with 5 year expiry and only putting 29% as much capital at risk.
But they were a super bonus for IPO participants as of the day of issue. Only 5% premium and 5 year expiry - people could sell the shares and keep the warrant, or sell the warrant and keep the shares.
Ann: Formal Appointment of Nova Independent Chairman, page-22
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Last
20.0¢ |
Change
0.010(5.26%) |
Mkt cap ! $54.62M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.0¢ | 19.0¢ | $55.04K | 288.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 84121 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 20000 | 1 |
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| Last trade - 15.59pm 13/11/2024 (20 minute delay) ? |
| NVA (ASX) Chart |