AvePoint, Inc. AVPTW

Effectually there’s no time premium in the warrants now. Remaining warrant holders are holding a “ hot potato “. Will the company conspires with the market maker s to knock the share price down ? Until past July 9th.?
Do you realize if the stock drops to $15 today’s value of $7.50 for a warrant will drop to $3.50.
That’s more than 50%. I wouldn’t want to be a warrant holder on this mornings opening. What? Only about 5 million warrants outstanding. Knock it down 4$ a warrant that $20 million. I mean. Does the stock open at $11.50 this morning? That’s all the company is going to pay you for them? Hell, I don’t know. All I know is when the stock stayed above $18 for a week I sold all mine. I felt there was extra risk in holding them. !

Are you ready. The time premium on a July 2025 call for an $18 strike is $3, this is for the class A common stock.
Time premium for an in-the-money warrant with an exercise price of $11.50
25 cents until September 2026
And the dummy investing public is oblivious …
They are not buying dollar bills for 25 cents..

The redemption offer, mandate, decision, ( chill ) it’s a longer term option, it’s a warrant, my understanding is that they will pay 115% of the built in value of the warrant and the current warrant has a time premium of 25 cents whereas the warrant value of $7 without time value x 15% is closer to a dollar. The warrant is undervalued by approx 80 cents now. For a 22 month “ option “ . Not finding deals like this at Costco. So they. 1. Are Not redeeming the warrants before Sept 2026.
2. The price of AVPT will “never” be depressed
going forward, due to an arbitrary $18 point at which the warrant can be called. ( forcibly redeemed ).

Simply because of the abysmal response to an abhorrent idea of cheating honest hard working people out of warrants they have held for 5 to 7 years “ at a LOSS “ by taking aim
at cheating long term shareholders ;shows company cadre care more for stock options based compensation , share dilution , and using our precious shares as quick cash , ATM , based , value stealing , mindless, greed than it shows, innovation , hard work, deep character, multiple generation , vision fulfilled : true wealth building. I “hate “ how this fiasco has detracted from what is honorable and righteous for that which is base and ugly. Shame on you ,, !!! Time to re - focus on building a firm foundation, and burn off the chaff…

I’m FURIOUS they have opened up this barrel of snakes and left it open. Looking more like the movie set of Raiders of the Lost Ark. They haven’t a clue of how revealingly greedy and ignorant this makes their perception appear.

Do you THINK. ??? Shareholders deserve a news release stating the number of shares tendered in their offer and the result of the voting on the redemption. I smell a class-action-court case that will cost all of us a bunch of time and money over something that has only benefited insiders. This will hold the share price down for YEARS and distract management from growing the company. What a DISGRACE. What a freaking WASTE. Over what could have been a trivial decision over 10% of the outstanding shares.

NO ::: the warrants will be redeemed at $2.00 by management Mandatorily. This is a disgrace. If they do … pure greed and evil….

AvePoint (AVPT.NaE) is also soliciting consents (the “Consent Solicitation”) to amend the Warrant Agreement, dated September 16, 2019, by and between Apex Technology Acquisition Corporation (“Apex”) and Continental Stock Transfer & Trust Company (“Continental”) (the “Warrant Agreement”), which governs all of the Warrants, to permit AvePoint (AVPT.NaE) to redeem each outstanding Warrant for $2.00 in cash, without interest, which is 20% less than the price applicable to the Offer (such amendment, the “Warrant Amendment”). Pursuant to the terms of the Warrant Agreement, the adoption of the Warrant Amendment will require the consent of holders of at least 50.1% of the then outstanding Warrants. If the holders of more than 50.1% of the outstanding Warrants agree to consent to the Warrant Amendment in the Consent Solicitation, if the other conditions of the Offer do not occur or, if they occur, are waived, then the Warrant Amendment will be adopted.

The offer is likely to be taken up as a proposed amendment in the Warrant Agreement, which would give management the right to redeem all warrants at $2.

We therefore assume all warrants will be tendered at $2.5 and this changes the valuation metrics a little; a fully diluted share count of 226.7M, a market cap (at $11 per share) of $2.49B, $186.9 in cash and an EV of $2.3B. FY24 EV/S now is 7.14x.

New value of the warrants went into effect last night at midnight . So the offer was reduced from $2.50 to $2.00
Today is Sept 25. 2024…..The exercise price is still the same. $11.50.. The expiration day is still the same. July 1st , 2026
( just so you know )