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Tailwind International (TWNI) has issued 1 million shares of common stock and is now offering 600,000 units to the public at $30 per unit. Each unit consists of two shares of TWNI preferred stock and 1 perpetual warrant for 1/3 share of common stock, exercisable at $30. When this issue has sold out, TWNI will have raised how much?
The company is offering 600,000 units at $30 each; Therefore, it will raise $18 million.
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Tailwind International (TWNI) has issued 1 million shares of common stock and is now offering 600,000 units to the public at $30 per unit. Each unit consists of two shares of TWNI preferred stock and 1 perpetual warrant for 1/3 share of common stock, exercisable at $30. When this issue has sold out, TWNI will have raised how much?
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