Feb. 3 at 12:30 AM
$LUCY just what im finding: The Warrants (LUCYW and Private)
LUCY has several layers of warrants that act as both a source of cash and a major price lid: Public Warrants (LUCYW): These are the legacy warrants from the IPO. Strike Price: Originally set at
$7.50, but many have been adjusted or replaced through various "Inducement" offers.
The "Inducement" Warrants (The Active Overhang): Throughout 2025 (specifically in April and June), the company executed deals where they told warrant holders: "Exercise your current warrants at a lower price (around
$0.24 -
$0.50) to give us cash now, and we will give you a new warrant for every one you exercise." Current Strike: Most of these new "Series A" and "Series B" warrants have strike prices significantly closer to the current stock price. The Trap: Because the stock is at
$1.14, any warrants with a strike price below
$1.00 are "in the money." This creates a constant cycle where holders exercise, get their shares, and sell them immediatel
