How could strike price for new shares be higher than the market price
Berkshire Hathaway issues first ever-negative coupon security from back in 2002 had this part: The warrants will give the holder the right to purchase either shares   of the Company's class A or class B common stock at the holder’s   option. The initial exercise price represents a 15% premium over the   closing price of the class A shares on the NYSE on May 21, 2002. The   Notes will pay holders a 3.0% interest rate per annum and holders will   pay 3.75% installment payments per annum on the warrants. The warrant   payments due from holders will be greater than the coupon on the   senior notes, effectively making SQUARZ the first negative coupon   security. Berkshire Hathaway will use the net proceeds from the   issuance for general corporate purposes, including possible   acquisitions, none of which are pending. This would be an example where the strike price was 15% higher than the closing price yet the security sold well.