Shares o/s per financial statements at Q3-2022 36,715,315
Shares o/s per TSX at the close February 24, 2023 37,841,950
Therefore, shares issued from various exercising 1,126,635
Warrants issued from PP 1,764,720
If we assume (and I know what they say about assumptions!!) that all exercising is from the re-priced warrants then there are 638,035 warrants yet to be exercised. As CM suggests, many have been exercised and shares are in the process of being issued.
I agree with CM that the warrant overhang is for all intents and purposes finished. Of course, we may still see some residual selling pressure but we should all take some sense of relief that this event is nearing completion.
Now, the sp can climb but that is entirely on management so team, let's get on with it.
Hogan