Warrant Expiry: CHEB-WT.US being a warrant, its price is heavily influenced by its expiry date. Approaching expiry reduces its value as the time to exercise diminishes.

Underlying Stock Price: The price of the underlying Cheba Corp stock (CHEB.US) is a primary driver. If CHEB.US rises above the warrant's strike price, the warrant's value increases.

Volatility: Higher volatility in CHEB.US can increase the warrant's price because it increases the probability of the stock price exceeding the strike price before expiry.

Time Value: As the warrant nears its expiration date, its time value decreases. This reflects the reduced opportunity for the underlying stock to appreciate above the strike price.

Interest Rates: Higher interest rates can slightly decrease the warrant's value as it makes it more expensive to finance the purchase of the underlying stock if the warrant were exercised.

Market Sentiment: Overall market sentiment towards Cheba Corp and its industry impacts the warrant's price, as it affects perceptions of the underlying stock's future performance.

Liquidity: The warrant's trading volume and liquidity influence its price. Low liquidity can lead to larger price swings.

Company News: News and events related to Cheba Corp, such as earnings reports, product announcements, or strategic partnerships, can significantly affect both the stock and warrant prices.