Very little shares involved...613K, and short interest probably held by Iroquois, so shares they have been shorting will be bought back by issuance from warrant redemption. Those shares used to cover short by warrant redemption will not impact the market.
Regardless of the number of shares, do you not find it very disconcerting to have a company that supposedly has so much cash pulling a stunt like this to get in a few hundred thousand? They lost a few million in market cap to make a few hundred thousand after paying everyone off. This also sets a bad example for unscrupulous institutions to short the stock and go to the company to cover.