For the optionality to convert into BRK shares at the end, does it mean BRK has to issue new stocks to discharge the obligation? How do the technicalities work?
Yes the option is to buy 0.1116 brk.a shares at exercise price $10k. BRK issues shares, but no fractional shares, if u choose brk.a the remainder will be in brk.b.
For the optionality to convert into BRK shares at the end, does it mean BRK has to issue new stocks to discharge the obligation? How do the technicalities work?
If you go to 2007 AR, note 16. They issued 3715 Class A equivalent shares for the warrants exercised.
Yes the option is to buy 0.1116 brk.a shares at exercise price $10k. BRK issues shares, but no fractional shares, if u choose brk.a the remainder will be in brk.b.
that is quite a financial curiosity