I called Wells Fargo (Wells Trade) to see what the cost would be to exercise the warrants.
They told me Bank of America is offering $13.14 per share (which would be the new cost basis).
If the current shares are $26.78, and the warrant's exercise price is $12.807, the difference would be $13.97.
Does that mean I'm paying $13.97 - $13.14 = $0.83 per share to defer my taxes? That seems really high.
If the current warrant prices are $14.55 + $12.807 (exercise price) = $27.357 - $26.78 = $.577 difference.
Please let me know if these calculations are correct. Thank you.