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Swiss Water Announces Purchase of Warrants from Mill Road Capital
Globenewswireยท 2025-07-01 00:00
Group 1 - Swiss Water Decaffeinated Coffee Inc. has entered into an agreement with Mill Road Capital II, L.P. to purchase a share purchase warrant allowing Mill Road to acquire up to 2,250,000 common shares at an exercise price of $3.33 per share, with a purchase price of $675,000 [1] - The completion of the purchase is anticipated to occur on July 3, 2025, which is expected to remove an overhang on the share price and allow for clearer trading of the shares [2] - The company operates using the proprietary Swiss Water Process to decaffeinate green coffee without chemical solvents and also owns Seaforth Supply Chain Solutions Inc., a green coffee handling and storage business [3] Group 2 - The cancellation of the warrants is believed to benefit shareholders by providing clarity on share ownership and distribution [2] - The constructive approach taken by Mill Road Capital in these discussions is appreciated by the company, indicating a focus on shareholder interests [2]