Theoretically, they are worth $0.05. ($1 minus the $0.95 strike price).

In the real world, probably in the $0.50 to $0.60 range. Just guessing, 'cause like you, I have never traded warrants from their 'birth'.

There could be a lot more volatility wit the warrants, since there are only 27MM outstanding (good), and they have a life of 5 years less a month (also good).

FWIW (nuthin'), I think I bought the second warrant trade ever, and it was 11,000 at $0.16.

Cheers