Algoma Steel Group Inc. Common Share Purchase Warrants (ASTL.WT)

Algoma Steel Group Inc. Common Share Purchase Warrants (ASTL.WT $0.17)
- $0.17 Cap: $661M
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Algoma Steel Group Inc. Common Share Purchase Warrants (ASTL.WT $0.17)
- $0.17 Cap: $661M
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Algoma Steel Group Inc. (ASTL $6.30)
- $6.30 Cap: $661M
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Q: Algoma recently undertook a Substantial Issuer Bid where they will be retiring 28% of their shares outstanding. What your thoughts on how this impacts the outlook for the shares and warrants going forward ? I don't recall seeing a company reduce their share count by so much at once before.

Thanks

Read Answer Asked by Scott on August 02, 2022