Simply no, not when it is in the money by the degree that it is. Ignore everything, sit back and do the math:

Current warrant price = 1.08

Strike price = 2.4

Break even = 3.48

Share upon execution = .6

Cost for a single share = 3.48 + .4(3.48) = $4.87

Why would I pay that when I could go buy a SINGLE share for $3.48 currently AND to add to that the single share I buy in the open market has absolutely no expirey