Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: TWG - more exercised warrants???

Yes, that is the case. As soon as warrants are exercised, they are added to the share count. They are obligated to issue the shares to the warrant holder once they are paid for (exercised), and the company has no control over what happens to those shares after that, just like any other shares.

A general assumption could be that only enough shares are sold into the market to pay for the exercise amount.

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