Craft Bank – Buy or Sell Warrants

As part of its original capital raise, Craft Bancshares issued its investors warrants.  These warrants are set to expire on October 15th, 2025.  The management of Craft Bancshares has asked Mountain Share Transfer to assist those shareholders who either wish to sell their warrants or purchase warrants that are available for sale.

In the spring of 2020, Craft Bancshares completed its offering of Units, with each unit consisting of 100 shares of common stock and 25 warrants.

The warrants are set to expire on October 15th, 2025 at 5:00pm eastern standard time. Each warrant is exercisable into one (1) share of common stock at a price of $10.00/share.

Frequently Asked Questions & Answers

Question:  What happens if I want to exercise my warrants ?

• Answer: You will need to provide a Notice of Exercise, and forward funds for the exercise of the warrants.  Additional information on exercising your warrants can be found at:  https://mountainsharetransfer.com/craft-bank-warrant-exercise/

Question:  What is the cost of exercising a warrant ?

• Answer:  The exercise price of a warrant is $10.00/share.  For example if you purchased 50 Units in the offering, you received 5,000 common shares and 1,250 warrants.  In order to exercise all 1,250 warrants, you would need to invest an additional $12,500. 

Question:  What if I am unable to, or do not want to, exercise my warrants ?

• Answer:  If you choose not to exercise your warrants, then you have the option to sell them to someone who would like to exercise them, or you may let them expire.

Question:  If I want to sell my warrants, how much are they worth ?

• Answer:  Typically the value of a warrant is equal to the value of the shares received upon exercise minus the exercise price.  For example if the value of the shares is $12.50/share, and the warrants exercise at $10.00/share, the warrants would be worth roughly $2.50/warrant.

Question:  What happens if I let the warrants expire ?

• Answer:  Upon expiration of the warrants, you will no longer be able to exercise them, and they will have no value. 

Question:  What if I want to sell my warrants, or buy someone else’s warrants ?

• Answer:  Please provide the requested information, and we will place you in contact with a potential buyer/seller.

If you are interested in selling your warrants, or buying warrants from another warrant holder, please provide us with the below requested information.

Online Access

Mountain Share Transfer provides all of its clients and their shareholders with 24/7 online access to their accounts. In order to review your share and warrant holdings, please visit the following: https://online.mountainsharetransfer.com/hlogin

If you have not previously logged in to your account online, you will need a copy of your shareholder statement and will need to register through the following process:

1. Please check the box marked “Register”.  This will take you to the registration page.
2. Please enter the requested information, and create a password that you can remember.
3. Please select the appropriate security questions.  This will complete your registration.

If there are any difficulties with this process. Please contact our office via. telephone # (404)-474-3110.