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ReNew Power (RNW), based in India, is offering 600,000 units to the public at $18 per unit. Each unit consists of two shares of RNW preferred stock and 1 perpetual warrant for 1/3 share of common stock, exercisable at $18. Upon the exercise of all warrants, RNW will be capitalized with:
Each unit consists of two preferred shares and 1/3 of a common share if the warrant is exercised. Therefore 600,000 multiplied by 2 equals 1.2 million preferred shares, and 600,000 multiplied by 1/3 equals 200,000 common shares.
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ReNew Power (RNW), based in India, is offering 600,000 units to the public at $18 per unit. Each unit consists of two shares of RNW preferred stock and 1 perpetual warrant for 1/3 share of common stock, exercisable at $18. Upon the exercise of all warrants, RNW will be capitalized with:
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