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Thursday, March 11, 2010

Equity Trader Alert #2010 - 16
NASDAQ to Begin Listing Signature Bank Warrants on Thursday, March 11, 2010

Markets Impacted:

  • The NASDAQ Stock Market

Contact Information:

  • On Thursday, March 11, 2010, The NASDAQ Stock Market will begin listing and trading warrants exercisable for one share of common stock of Signature Bank (NASDAQ: SBNY) under the symbol SBNYW.
  • The exercise price cannot be paid in cash and is payable only by netting out a number of shares of SBNY common stock issuable upon exercise of the warrants equal to the value of the aggregate exercise price of the warrants.

What is listing?

Effective Thursday, March 11, 2010, The NASDAQ Stock Market® will begin listing and trading warrants exercisable for one share of common stock of Signature Bank (NASDAQ: SBNY) under the symbol SBNYW.

For more information, refer to the SBNYW Listing Notice on the NASDAQ OMX Trader® website.

How is the exercise price paid for these warrants?

The exercise price cannot be paid in cash and is payable only by netting out a number of shares of SBNY common stock issuable upon exercise of the warrants equal to the value of the aggregate exercise price of the warrants.

Where can I find additional information?

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