Cassava Sciences sets May 6 final warrant exercise deadline; unexercised warrants redeemed for $0.001

FILANA THERAPEUTICS, INC.

May 6, 2024 at 5pm ET is last day to exercise warrants (distributed Jan 3); unexercised warrants redeemed May 7 for $0.001 each.
Each warrant entitles holder to purchase 1 share at $33 plus 0.5 bonus share; effective price ~$22 per share for 1.5 shares.
Company receives cash only from exercised warrants; holders may also sell warrants on open market before deadline.
Warrants issued as 4 warrants per 10 shares held on Dec 22, 2023 record date, rounded down.
Nominal redemption price of $0.001 per warrant applies after deadline; warrants will cease to exist.

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