Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: that is a lot of paper
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TechGC: No one would want to convert them as it would be cheaper to buy on the open market.

Yes, in theory. However, if those warrant holders who have not yet exercised would decide to instead buy shares on the open market at, say, 0.74 CAD, I think there would very likely not be enough material on the market at this price to satisfy them all.

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