Yes you’d get 10k of options. Why want these? Well they only cost $0.35 even if share price is 70c, already making you a bag.
Convert the 10k options for 35c, then get another 5k $1 options that don’t expire until next year. Strike price is $1 so hopefully and most likely the SP will be well above that, making the options cheaper than buying new shares.
Ann: Incannex to Issue Loyalty Options to Shareholders, page-40
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