Feb. 3 at 8:20 PM
$CETX Something is fishy..
$4,000,000 Direct Offering
400,000 Common Shares
1,069,507 PF - Warrants
Why Use Pre-funded Warrants?
The purpose of using pre-funded warrants is to provide investors that have restrictions on their ability to own a company's securities above a designated ownership threshold (typically, 9.99% or 19.99%) with the opportunity to invest additional capital without violating the investor's ownership restrictions. A pre-funded warrant provides a holder with the flexibility to avoid exceeding the designated ownership threshold prior to the warrant's exercise while still maintaining the ability to immediately acquire the underlying securities at a nominal exercise price when the investor is ready to do so.
