Warrants on AMATA Issued by YUANTA # Call Warrant on AMATA Issued by YUANTA# A AMATA19C2402A 9 Call Warrants on AOT Issued by YUANTA # Call Warrant on AOT Issued by YUANTA# A AOT19C2402A 9 Call Warrants on

เอเชีย แคปปิตอล กรุ๊ป จำกัด (มหาชน) ACAP 9 N/A AOT Issued by YUANTA # Call Warrant on AOT Issued by YUANTA# A AOT19C2403A 9 N/A AWC Issued by YUANTA # Call Warrant on AWC Issued by YUANTA# A AWC19C2403A 9

บริษัท สบาย เทคโนโลยี จำกัด (มหาชน) SABUY-W1 9 Call Warrants on AOT Issued by KKPS # Call Warrant on AOT Issued by KKPS# A AOT06C2404A 8 Call Warrants on AWC Issued by KKPS # Call Warrant on AWC Issued by

หุ้นสามัญของบริษัท วาว แฟคเตอร์ จำกัด (มหาชน) W-W6 10 บริษัท เอเชีย แคปปิตอล กรุ๊ป จำกัด (มหาชน) ACAP 9 บริษัท ซี.ไอ.กรุ๊ป จำกัด (มหาชน) CIG 9 Call Warrants on AOT Issued by KKPS # Call Warrant on AOT

AMATA Issued by YUANTA# A AMATA19C2404A 8 N/A AOT Issued by BLS # Call Warrant on AOT Issued by BLS# A AOT01C2404A 8 N/A AOT Issued by BLS # Put Warrant on AOT Issued by BLS# X AOT01P2404X 8 N/A AOT

(มหาชน) GSC 9 บริษัท โซลาร์ตรอน จำกัด (มหาชน) SOLAR 9 Warrants บริษัท ตงฮั้ว โฮลดิ้ง จำกัด (มหาชน) จัดสรรให้แก่ผู้ถือหุ้นเดิม ครั้งที่ 3 TH-W3 9 Call Warrants on AOT Issued by KGI # A AOT13C2302A 8 Call

AMATA Issued by KGI# A AMATA13P2402A 4 Call Warrants on AMATA Issued by YUANTA # Call Warrant on AMATA Issued by YUANTA# A AMATA19C2402A 4 Call Warrants on AOT Issued by KGI # Call Warrant on AOT Issued

AMATA41C2407B 3 Call Warrants on AOT Issued by BLS # Call Warrant on AOT Issued by BLS# A AOT01C2407A 3 Put Warrants on AOT Issued by BLS # Put Warrant on AOT Issued by BLS# X AOT01P2407X 3 Put Warrants on AOT

Warrant on AMATA Issued by KGI# A AMATA13C2404A 4 N/A AMATA Issued by YUANTA # Call Warrant on AMATA Issued by YUANTA# A AMATA19C2404A 4 N/A AOT Issued by BLS # Call Warrant on AOT Issued by BLS# A

when marginal benefit of the capital investment equals its marginal cost. Myers & Majluf (1984); Fazzari et al. (1988) AGENCY FRAMEWORK Market frictions, e.g. informational asymmetry, cause moral hazard