I received an offer to exercise a warrant. I did some google research but I am somewhat confused. The current price is $25. I received two options (1) the offer is for cash at $21.30 or (2) exercise the regular price of $22.00.
What is the difference between REDUCED CASH EXERCISE and REGULAR CASH EXERCISE?
**Unexercised warrant(s) may expire worthless unless extended by the company.**
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