Ex-Warrant

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Ex-Warrant

Stock that is sold without a warrant attached to it. Warrants let the owner buy stock at a future date at a specific price, which typically is below the market price. [1] Ex refers to the trading of shares when a warrant has been declared but not distributed. [2] It trades without the right to receive the warrant, without the warrant attached. [1]

For example a warrant may permit its owner to purchase ten shares of stock at $20.00 per share up to a specified date and then at $22.50 per share thereafter until the warrant expires. [2]

From document conveying authority" (1510s). [3]

References

  1. ‪Wall Street words: an A to Z guide to investment terms for today's investor‬ By David Logan Scott ISBN-10: 0618176519 pg132
  2. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. ISBN-10: 0618176519 pg359
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