Examples of Atlas Warrants in a sentence
The Western Atlas Warrants are derivative instruments and have been designated at FVTPL.
Except for the Atlas Shares and the Atlas Warrants set forth on Section 4.6(a) of the Atlas Disclosure Schedules (assuming that no Atlas Stockholder Redemptions are effected), and, immediately prior to Closing and before giving effect to the PIPE Financing, there shall be no other Equity Securities of Atlas issued and outstanding.
The Western Atlas Warrants consist of: (i) 7,955,294 share purchase warrants exercisable at CA$0.20 per share that expire in October 2022 and (ii) 14,000,000 share purchase warrants exercisable at CA$0.15 per share that expire in July 2022.
By: --------------------------------- NEW JERSEY STATE MEDICAL UNDERWRITERS, INC.
The fair value of the Western Atlas Warrants at June 30, 2022 was $Nil (December 31, 2021 – less than $0.1 million), determined using the Black-Scholes pricing model and level 2 Page | 12 GCM Mining Corp.
The fair value of the Western Atlas Warrants at March 31, 2022 was approximately $nil (December 31, 2021 – $0.1 million), determined using the Black-Scholes pricing model and level 2 fair value inputs, including expected share price volatility averaging of 9.54% (December 31, 2021– 55.23%), risk free interest rate of 2.17% (December 31, 2021 – 0.91%), dividend yield of 0% (December 31, 2021 – 0%), expected average life of 0.4 years (December 31, 2021 – 0.7 years).
During the year ended December 31, 2021, the Company recorded a loss of $0.3 million, (2020 – a loss of $1.0 million) representing the total fair value adjustment for the Western Atlas Warrants.
During the three and nine months ended September 30, 2022, the Company recorded a loss of $nil and a loss of less than $0.1 million, respectively, (2021 – $nil and a loss of $0.1 million, respectively) representing the total fair value adjustment for the Western Atlas Warrants.
The fair value of the Western Atlas Warrants at December 31, 2021 was less than $0.1 million (2020 – $0.3 million), determined using the Black-Scholes pricing model and level 2 fair value inputs, including expected share price volatility averaging of 55.23% (2020 – 121.83%), risk free interest rate of 0.91% (2020 – 0.20%), dividend yield of 0% (2020 – 0%), expected average life of 0.7 years (2020 – 1.2 years).
Notes to the Interim Condensed Consolidated Financial Statements March 31, 2022 (Unaudited; Tabular amounts expressed in thousands of U.S. dollars unless otherwise noted) million) representing the total fair value adjustment for the Western Atlas Warrants.