Expand Energy Corp.
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Expand Energy Corp. [EXEEW] represents publicly traded warrants that give holders the right to purchase shares of the company's common stock at a predetermined exercise price. These derivative securities were likely issued in connection with a merger, acquisition, or financing transaction. Warrants provide leverage to the movement of the underlying common stock and can be valuable if the stock price exceeds the exercise price. Holders must pay the exercise price to convert warrants into common shares, and warrants typically have expiration dates after which they become worthless if not exercised.