As I noted in the original post, the warrants are way ahead of the equity on price.  I went ahead and took a position in the equity at 11.18 - can't stomach the warrants here.  No rush on exiting this one, they still have a lot of time to announce a target before any vote comes up.  That said, they are movers and shakers, so I doubt they take too long.

Warrants are wild right now: 😜