Detailed Instructions: Given a text, write a compressed version of it in a single sentence.
Problem:Depending upon how many warrants and options are exercised prior to completion of the transaction, Heritage would issue between 1.8 million and 2.35 million preferred shares, a Heritage spokesman estimated.
Solution:
Based upon the options exercised prior to completion of the transaction, Heritage would issue between 1.8 million and 2.35 million preferred shares.