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Better Choice Company Inc (AMEX:BTTR) stock is trading higher Thursday after the company announced it reached a settlement with Alphia, ending litigation and resulting in Better Choice retiring its senior debt.
What To Know: Better Choice, a pet health and wellness company, announced that it will retire its senior secured debt that includes $5 million in principal and $400,000 of payable-in-kind accrued interest.
In addition, the company will retire 335,640 warrants with a strike price of $11.44 per share that were set to expire in 2028.
Better Choice also announced that it entered into an agreement with Alphia to eliminate about $5 million of other indebtedness with savings up to $2.7 million if paid within 90 days.
See Also: 4 Medical Product Stocks to Buy From a Recovering Industry
By now you're likely curious about how to participate in the market for Better Choice – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Better Choice, which is trading at $4.17 as of publishing time, $100 would buy you 23.98 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
BTTR Price Action: At the time of publication, Better Choice stock was trading 10.9% higher at $4.17, per data from Benzinga Pro.
Image: 5475664 from Pixabay.
Posted In: BTTR
