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Abacus Global Management Announces Intention to Conduct Exchange Offer and Consent Solicitation Relating to Warrants
Globenewswireยท 2025-06-27 12:00
Core Viewpoint - Abacus Global Management, Inc. plans to conduct an exchange offer and consent solicitation for its outstanding public and private placement warrants, allowing holders to exchange warrants for shares of common stock [1][2]. Group 1: Exchange Offer Details - Each outstanding warrant is exercisable for one common share at a price of $11.50 per share [2]. - The company intends to offer 0.23 shares of common stock in exchange for each outstanding warrant tendered [2]. - The company will also solicit consents to amend the Warrant Agreement, allowing for an exchange ratio of 0.207 shares per warrant, which is 10% less than the initial offer [2]. Group 2: Regulatory and Procedural Aspects - The company expects to commence the Offer after filing a Form S-4 registration statement detailing the terms of the Offer [3].