North Dakota Extension of the expiration date of the company's outstanding warrants

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Multi-State
Control #:
US-CC-3-435
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Word; 
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This sample form, a detailed Extension of the Expiration Date of the Company's Outstanding Warrants document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

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FAQ

An outstanding warrant is a valid arrest warrant that was originally issued months or years ago, but has not been fulfilled. Outstanding warrants are still considered to be valid because it simply means that the person who was named in the original arrest warrant has not yet been arrested.

If the investor doesn't exercise their stock warrant rights, they no longer have the right to use them. Sometimes the term 'Stock warrants' also comes out as alien to many investors, but all seasoned investors are quite aware of the same.

In the case of a warrant that is not exercised at expiration, the warrant will become worthless. In the case of an in the money option, it will be automatically exercised at expiration. At the money or near the money options and out of the money options will expire worthless.

As with market options, the stock's market price could fall below the exercise price, at which point the rights or warrants would become worthless. Rights and warrants also become worthless upon expiration regardless of where the underlying stock is trading.

Extension Warrant means any Warrant to Purchase Common Stock of CRI that becomes deliverable upon an election of the Borrower to extend the Maturity Date, as contemplated in Section 1.6.

This means that even if the stock is selling for $80 per share, the holder of this warrant can still buy it at $50 per share. The higher the stock's price rises, the more valuable this warrant becomes. The holder can exercise this right at any time within the five years. After that, the warrant expires and is useless.

The expiration date is the date on which the stock warrant expires. Once a stock warrant expires, it is no longer valid, and the holder loses the right to buy or sell the underlying stock at the exercise price.

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North Dakota Extension of the expiration date of the company's outstanding warrants