Abacus Life Announces Private Exchange of Outstanding Public Warrants

Core Viewpoint - Abacus Life, Inc. has entered into warrant exchange agreements with holders of its publicly traded warrants, allowing them to exchange a total of 4,930,745 warrants for 1,134,071 shares of common stock, indicating a conversion ratio of 0.23 shares per warrant [1]. Company Overview - Abacus is a pioneering global alternative asset manager specializing in uncorrelated financial products, leveraging longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity [3]. - The company manages nearly $3 billion in assets, including pending acquisitions, and is the only publicly traded global alternative asset manager focused on lifespan-based financial products [4]. Warrant Details - The Public Warrants were issued during the company's initial public offering, allowing holders to purchase up to 17,250,000 shares of common stock at an exercise price of$11.50 per share [2]. - Each redeemable whole Public Warrant entitles the holder to purchase one share of common stock at the specified price, with the warrants being a freestanding financial instrument traded on The Nasdaq Stock Market under the symbol "ABLLW" [2].