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DTSTART;TZID=America/New_York:20210618T080000
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DTSTAMP:20260418T051255
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UID:691031-1624003200-1624035600@commonstockwarrants.com
SUMMARY:Arrival Announces Redemption of Warrants (NASDAQ: ARVL\, ARVLW) -Begin
DESCRIPTION:LONDON and CHARLOTTE\, N.C.\, June 18\, 2021 (GLOBE NEWSWIRE) — Arrival (the “Company”; Ordinary Shares – NASDAQ: ARVL; CUSIP No. L0423Q 108; Warrants – NASDAQ: ARVLW; CUSIP No. L0423Q 116) announced today that the Company has elected to redeem\, at 5:00 p.m. New York City time on July 19\, 2021 (the “Redemption Date”)\, all of the Company’s outstanding warrants (“Public Warrants”) that were issued under the Warrant Agreement dated as of December 12\, 2019 by and between CIIG Merger Corp. (“CIIG”) and Continental Stock Transfer & Trust Company\, as warrant agent\, as a part of the units sold in CIIG’s initial public offering (“IPO”)\, which Public Warrants were assumed by the Company in connection with the business combination between CIIG\, the Company and ARSNL Merger Sub Inc. \n\n\n\nEach Public Warrant will be redeemed by the Company for $0.01 per Public Warrant (the “Redemption Price”) on the Redemption Date\, unless exercised before 5:00 p.m. on the Redemption Date. The Company is exercising its right to redeem the Public Warrants pursuant to Section 6 of the Warrant Agreement that provides for the right to redeem all of the outstanding Public Warrants if the last reported sales price of the Company’s Ordinary Shares has been at least $18.00 per share on each of 20 trading days within the 30 trading-day period ending on the third business day prior to the date on which a notice of redemption is given. The reported sales price of the Company’s Ordinary Shares has been at least $18.00 per share on each of 20 trading days within the 30-trading day period ending on June 15\, 2021. \n\n\n\nRegistered holders of Public Warrants will have until 5:00 p.m. on July 19\, 2021 to exercise their Public Warrants. Each Public Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per Public Warrant exercised (the “Exercise Price”). Any Public Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be delisted\, void and no longer exercisable\, and the holders will have no rights with respect to those Public Warrants\, except to receive the Redemption Price. \n\n\n\nAs a result of the redemption\, the Public Warrants will cease to be traded on the NASDAQ effective July 20\, 2021. \n\n\n\nAs of the date hereof\, the Company has 12\,937\,493 Public Warrants outstanding. If all such currently outstanding Public Warrants are exercised prior to the Redemption Date\, the Company will issue an aggregate of 12\,937\,493 Ordinary Shares and receive potential gross exercise proceeds of approximately $148.8 million. \n\n\n\nBeneficial holders desiring to exercise their Public Warrants should contact the brokerage firm holding their Public Warrants immediately to process their exercise and avoid redemption. Brokers will likely have an earlier deadline for beneficial holders to exercise their Public Warrants than the deadline for registered holders set forth above. \n\n\n\nThe Ordinary Shares underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form F 1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333 254885). \n\n\n\nThis release is neither an offer to sell nor a solicitation of an offer to buy any securities of the Company. \n\n\n\nAbout Arrival \n\n\n\nArrival (NASDAQ: ARVL) is reinventing the automotive industry with its entirely new approach to the design and assembly of electric vehicles. Low CapEx\, rapidly scalable Microfactories combined with proprietary in-house developed components\, materials and software\, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Arrival is a global business founded in 2015 and headquartered in London\, UK and Charlotte\, North Carolina\, USA\, with more than 1\,900 global employees located in offices across the United States\, Germany\, the Netherlands\, Israel\, Russia\, and Luxembourg. The company is deploying its first four Microfactories in North Carolina\, USA\, South Carolina\, USA\, Madrid\, Spain\, and Bicester\, UK. \n\n\n\nForward-Looking Statements \n\n\n\nThis press release contains certain forward-looking statements within the meaning of the federal securities laws\, including statements regarding the amount of Ordinary Shares to be issued and the proceeds to be received in connection with the exercise of Public Warrants prior to the Redemption Date. Forward-looking statements are predictions\, projections and other statements about future events that are based on current expectations and assumptions and\, as a result\, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document\, including\, but not limited to\, a lower number of holders of Ordinary Shares exercising their Public Warrants prior to the Redemption Date. The foregoing list of factors is not exhaustive. Readers are cautioned not to put undue reliance on forward-looking statements\, and Arrival assumes no obligation and does not intend to update or revise these forward-looking statements\, whether as a result of new information\, future events\, or otherwise. Arrival does not give any assurance that Arrival will achieve its expectations.Media Contacts \n\n\n\nMediapr@arrival.com \n\n\n\nInvestorsir@arrival.com
URL:https://commonstockwarrants.com/event/arrival-announces-redemption-of-warrants-nasdaq-arvl-arvlw-begin/
CATEGORIES:Warrant Redemptions
ATTACH;FMTTYPE=image/png:https://commonstockwarrants.com/wp-content/uploads/2021/06/ARRIVAL_logo-1.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210616T170000
DTEND;TZID=America/New_York:20210616T170000
DTSTAMP:20260418T051255
CREATED:20210514T203300Z
LAST-MODIFIED:20210611T204125Z
UID:690982-1623862800-1623862800@commonstockwarrants.com
SUMMARY:Danimer Scientific Completing Redemption of Public Warrants (NYSE:DNMR\, DNMR.WS) -End
DESCRIPTION:Danimer Scientific (NYSE:DNMR) (“Danimer” or the “Company”)\, a leading next generation bioplastics company focused on the development and production of biodegradable materials\, today announced that it will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the its common stock\, $0.0001 par value per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated as of May 5\, 2020 (the “Warrant Agreement”)\, by and between Live Oak Acquisition Corp. and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, and that remain outstanding at 5:00 p.m. New York City time on June 16\, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement and still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nThe Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants\, at the exercise price of $11.50 per share. Any Public Warrants that remain unexercised following 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nNone of the Company\, its board of directors or employees have made or are making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-252515). \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Danimer Scientific \n\n\n\nDanimer is a pioneer in creating more sustainable\, more natural ways to make plastic products. For more than a decade\, its renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be found in a vast array of plastic end products that people use every day. Applications for its biopolymers include additives\, aqueous coatings\, fibers\, filaments\, films\, and injection-molded articles\, among others. Danimer now holds more than 150 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information\, visit www.danimerscientific.com. \n\n\n\nForward Looking Statements \n\n\n\nPlease note that in this press release we may use words such as “appears\,” “anticipates\,” “believes\,” “plans\,” “expects\,” “intends\,” “future\,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements\, including statements regarding the expected impact of the restatement of the Company’s financial statements on our 2020 financial results\, are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this press release include\, but are not limited to\, the completion of the audit of the Company’s restated financial statements\, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence\, preferences\, and behavior; disruption and volatility in the global currency\, capital\, and credit markets; the financial strength of the Company’s customers; the Company’s ability to implement its business strategy\, including\, but not limited to\, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation\, legislation or public opinion relating to our products; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business\, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers\, as well as consumer demand for our products\, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company’s ability to protect patents\, trademarks and other intellectual property rights; any breaches of\, or interruptions in\, our information systems; the ability of our information technology systems or information security systems to operate effectively\, including as a result of security breaches\, viruses\, hackers\, malware\, natural disasters\, vendor business interruptions or other causes; our ability to properly maintain\, protect\, repair or upgrade our information technology systems or information security systems\, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands\, including without limitation\, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price\, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; our ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities\, tariffs\, legal\, regulatory\, political and economic risks. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the Securities and Exchange Commission\, including the Company’s Annual Report on Form 10-K\, Quarterly Reports on Form 10-Q\, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release\, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release. \n\n\n\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005546/en/ \n\n\n\nContacts \n\n\n\nInvestorsir@danimer.com229-220-1103 \n\n\n\nMediaAnthony Popielapopiel@daltonagency.com404-876-1309
URL:https://commonstockwarrants.com/event/danimer-scientific-completing-redemption-of-public-warrants-nysednmr-dnmr-ws-end/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210609T080000
DTEND;TZID=America/New_York:20210609T170000
DTSTAMP:20260418T051255
CREATED:20210610T133949Z
LAST-MODIFIED:20210610T134006Z
UID:690970-1623225600-1623258000@commonstockwarrants.com
SUMMARY:Opendoor Announces Redemption of Public Warrants (NSDQ: OPEN\, OPENW) -Begin
DESCRIPTION:SAN FRANCISCO\, June 09\, 2021 (GLOBE NEWSWIRE) — Opendoor Technologies Inc. (Nasdaq: OPEN)\, (“Opendoor” or “the Company”)\, a leading digital platform for residential real estate\, today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s common stock\, par value $0.0001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated April 27\, 2020\, by and between the Company and Continental Stock Transfer & Trust Company (“CST”)\, as warrant agent\, as amended by the First Amendment to the Warrant Agreement\, dated March 22\, 2021\, by and among the Company\, CST and American Stock Transfer & Trust Company (the “Warrant Agent”)\, as warrant agent (as amended\, the “Warrant Agreement”)\, as part of the units sold in the Company’s initial public offering (the “IPO”) and that remain outstanding at 5:00 p.m. New York City time on July 9\, 2021 (the “Redemption Date”) for a redemption price of $0.10 per Public Warrant. In addition\, the Company will redeem all of its outstanding warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO (the “Private Warrants” and\, together with the Public Warrants\, the “Warrants”) on the same terms as the outstanding Public Warrants. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants at a redemption price of $0.10 per Public Warrant if (i) the last sales price (the “Reference Value”) of the Common Stock is at least $10.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given and (ii) if the Reference Value is less than $18.00 per share\, the Private Warrants are also concurrently called for redemption on the same terms as the outstanding Public Warrants. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Warrants. \n\n\n\nThe Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such Warrants. As the Reference Value is less than $18.00 per share\, payment upon exercise of the Warrants may be made either (i) in cash\, at an exercise price of $11.50 per share of Common Stock or (ii) on a “cashless basis” in which the exercising holder will receive a number of shares of Common Stock to be determined in accordance with the terms of the Warrant Agreement and based on the Redemption Date and the volume weighted average price (the “Fair Market Value”) of the Common Stock during the 10 trading days immediately following the date on which the notice of redemption is sent to holders of Warrants. The Company will provide holders the Fair Market Value no later than one business day after such 10-trading day period ends. In no event will the number of shares of Common Stock issued in connection with an exercise on a cashless basis exceed 0.361 shares of Common Stock per Warrant. If any holder of Warrants would\, after taking into account all of such holder’s Warrants exercised at one time\, be entitled to receive a fractional interest in a share of Common Stock\, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares. \n\n\n\nAny Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Warrants will be entitled to receive only the redemption price of $0.10 per Warrant. \n\n\n\nNone of the Company\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Warrants as to whether to exercise or refrain from exercising any Warrants. \n\n\n\nThe shares of Common Stock underlying the Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-251529). The SEC maintains an Internet website that contains a copy of this prospectus. The address of that site is www.sec.gov. Alternatively\, you can obtain a copy of the prospectus from the Company’s investor relations website at https://investor.opendoor.com. \n\n\n\nQuestions concerning redemption and exercise of the Warrants can be directed to our information agent\, D.F. King & Co.\, Inc.\, at 48 Wall Street\, 22nd Floor\, New York\, NY 10005\, Attention: Michael Horthman\, telephone number: (800) 578-5378 (toll-free) or (212) 269-5550 (banks and brokers) or email: opendoor@dfking.com. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nForward Looking Statements \n\n\n\nThis press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995\, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking. These forward-looking statements generally are identified by the words “anticipate\,” “believe\,” “contemplate\,” “continue\,” “could\,” “estimate\,” “expect\,” “forecast”\, “future”\, “intend\,” “may\,” “might”\, “opportunity”\, “plan\,” “possible”\, “potential\,” “predict\,” “project\,” “should\,” “strategy”\, “strive”\, “target\,” “will\,” or “would”\, the negative of these words or other similar terms or expressions. The absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions\, projections and other statements about future events that are based on current expectations and assumptions and\, as a result\, are subject to risks and uncertainties. Many important factors could cause actual future events to differ materially from the forward-looking statements in this press release\, including but not limited to the risks and uncertainties set forth in the Company’s filings with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements\, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements\, whether as a result of new information\, future events\, or otherwise. The Company does not give any assurance that it will achieve its expectations. \n\n\n\nAbout Opendoor \n\n\n\nOpendoor’s mission is to empower everyone with the freedom to move. Since 2014\, Opendoor has provided people across the U.S. with a radically simple way to buy\, sell or trade-in a home online. Opendoor currently operates in a growing number of markets across the U.S. \n\n\n\nContact Information \n\n\n\nInvestors:Whitney KukulkaThe Blueshirt Groupinvestors@opendoor.com \n\n\n\nMedia:Sheila Tran / Charles StewartOpendoorpress@opendoor.com
URL:https://commonstockwarrants.com/event/opendoor-announces-redemption-of-public-warrants-nsdq-open-openw-begin-2/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210607T170000
DTEND;TZID=America/New_York:20210607T170000
DTSTAMP:20260418T051255
CREATED:20210504T150101Z
LAST-MODIFIED:20210504T150109Z
UID:690759-1623085200-1623085200@commonstockwarrants.com
SUMMARY:MP Materials (NYSE: MP\, MP.WS) Closing Cashless Redemption of Public Warrants (END)
DESCRIPTION:MOUNTAIN PASS\, Calif.–(BUSINESS WIRE)–MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s common stock\, par value $0.0001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated April 29\, 2020 (the “Warrant Agreement”)\, by and between the Company (f/k/a Fortress Value Acquisition Corp.) and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, as part of the units sold in the Company’s initial public offering (the “IPO”)\, for a redemption price of $0.01 per Public Warrant (the “Redemption Price”)\, that remain outstanding at 5:00 p.m. New York City time on June 7\, 2021 (the “Redemption Date”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO are no longer outstanding and are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nIn addition\, in accordance with the Warrant Agreement\, the Company’s Board of Directors has elected to require that\, upon delivery of the notice of redemption\, all Public Warrants are to be exercised only on a “cashless basis.” Accordingly\, holders may no longer exercise Public Warrants and receive Common Stock in exchange for payment in cash of the $11.50 per warrant exercise price. Instead\, a holder exercising a Public Warrant will be deemed to pay the $11.50 per warrant exercise price by the surrender of 0.3808 of a share of Common Stock (such fraction determined as described below) that such holder would have been entitled to receive upon a cash exercise of a Public Warrant. Accordingly\, by virtue of the cashless exercise of the Public Warrants\, exercising warrant holders will receive 0.6192of a share of Common Stock for each Public Warrant surrendered for exercise. This cashless exercise reduces the dilution to MP Materials stockholders by settling the net value of the Public Warrants in equity\, as described above\, without raising the approximately $132 million underlying the cash exercise of the Public Warrants. Any Public Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be delisted\, void and no longer exercisable\, and the holders will have no rights with respect to those Public Warrants\, except to receive the Redemption Price (or as otherwise described in the redemption notice for holders who hold their Public Warrants in “street name”). \n\n\n\nThe number of shares of Common Stock that each exercising warrant holder will receive by virtue of the cashless exercise (instead of paying the $11.50 per Public Warrant cash exercise price) was calculated in accordance with the terms of the Warrant Agreement and is equal to the quotient obtained by dividing (x) the product of the number of shares underlying the Public Warrants held by such warrant holder\, multiplied by the difference between $30.197\, the average last sale price of the Common Stock for the ten trading days ending on April 29\, 2021\, the third trading day prior to the date of the redemption notice (the “Fair Market Value”) and $11.50\, by (y) the Fair Market Value. If any holder of Public Warrants would\, after taking into account all of such holder’s Public Warrants exercised at one time\, be entitled to receive a fractional interest in a share of Common Stock\, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares. \n\n\n\nMP Materials understands from the New York Stock Exchange that Friday\, June 4\, 2021\, will be the last day on which the Public Warrants will be traded on the New York Stock Exchange. \n\n\n\nNone of MP Materials\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nIssuance of the shares of Common Stock underlying the Public Warrants has been registered by MP Materials under the Securities Act of 1933\, as amended\, and is covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-251239). Exercise of Public Warrants should be directed through the broker of the warrant holder. In addition to the broker\, questions may also be directed to D.F. King & Co.\, Inc. at (800) 870-0653 (for individuals) / (212) 269-5550 (for banks and brokerages) or at MP@dfking.com. Or contact Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Reorganization Department\, Telephone Number (917) 262-2378. \n\n\n\nAdditional information can be found on MP Materials’ Investor Relations website: https://investors.mpmaterials.com. \n\n\n\nAbout MP Materials \n\n\n\nMP Materials Corp. (NYSE: MP) owns and operates Mountain Pass\, one of the world’s largest integrated rare earth mining and processing facilities. Separated rare earth elements are critical inputs for the magnets that enable the mobility of electric vehicles\, drones\, defense systems\, wind turbines\, robotics and many other advanced technologies. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of MP Materials’ securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nForward Looking Statements \n\n\n\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as “estimate\,” “plan\,” “project\,” “forecast\,” “intend\,” “expect\,” “anticipate\,” “believe\,” “seek\,” “target\,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include\, but are not limited to\, expectations regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions\, whether or not identified in this press release\, and on the current expectations of MP Materials’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as\, and must not be relied on by any investor as\, a guarantee\, an assurance\, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of MP Materials. These forward-looking statements are subject to a number of risks and uncertainties\, including: risks related to the redemption of the Public Warrants\, unanticipated costs or delays associated with our Stage II optimization project; uncertainties relating to our commercial arrangements with Shenghe Resources (Singapore) International Trading Pte. Ltd.\, an affiliate of Shenghe Resources Holding Co.\, Ltd.\, a global rare earth company listed on the Shanghai Stock Exchange; the ability to convert current commercial discussions with customers for the sale of rare earth oxide products into contracts; potential changes in China’s political environment and policies; fluctuations in demand for\, and prices of\, rare earth minerals and products; uncertainties relating to the COVID-19 pandemic; the intense competition within the rare earths mining and processing industry; uncertainties regarding the growth of existing and emerging uses for rare earth products; potential power shortages at the Mountain Pass facility; increasing costs or limited access to raw materials that may adversely affect our profitability; fluctuations in transportation costs or disruptions in transportation services; inability to meet individual customer specifications; diminished access to water; uncertainty in our estimates of rare earth oxide reserves; uncertainties regarding our ability to vertically integrate into further downstream processing and reach full revenue potential; risks associated with work stoppages; a shortage of skilled technicians and engineers; loss of key personnel; risks associated with the inherent dangers involved in mining activity; risks associated with events outside of our control\, such as natural disasters\, wars or health epidemics or pandemics; risks related to technology systems and security breaches; risks associated with our intellectual property rights; ability to compete with substitutions for rare earth minerals; ability to maintain satisfactory labor relations; risks relating to extensive and costly environmental regulatory requirements; and those risk factors discussed in MP Materials’ Annual Report on Form 10-K filed on March 22\, 2021 under the heading “Risk Factors” and other documents filed by MP Materials with the Securities and Exchange Commission. There may be additional risks that MP Materials does not presently know or that MP Materials currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition\, forward-looking statements reflect MP Materials’ expectations\, plans or forecasts of future events and views as of the date of this press release. MP Materials anticipates that subsequent events and developments will cause MP Materials’ assessments to change. However\, while MP Materials may elect to update these forward looking statements at some point in the future\, MP Materials specifically disclaims any obligation to do so\, unless required by applicable law. These forward-looking statements should not be relied upon as representing MP Materials’ assessments as of any date subsequent to the date of this press release. Accordingly\, undue reliance should not be placed upon the forward-looking statements. \n\n\n\n\n\n\n\nContacts\n\n\n\nInvestors:Martin SheehanIR@mpmaterials.com \n\n\n\nMedia:Matt Sloustchermedia@mpmaterials.com
URL:https://commonstockwarrants.com/event/mp-materials-nyse-mp-mp-ws-closing-cashless-redemption-of-public-warrants-end/
CATEGORIES:Warrant Redemptions
ATTACH;FMTTYPE=image/png:https://commonstockwarrants.com/wp-content/uploads/2021/05/MP_logo.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210607T080000
DTEND;TZID=America/New_York:20210607T170000
DTSTAMP:20260418T051255
CREATED:20210607T123817Z
LAST-MODIFIED:20210607T123830Z
UID:690942-1623052800-1623085200@commonstockwarrants.com
SUMMARY:Notice of Warrant Redemption- BEGIN (NYSE: CHPT\, CHPT.WS)
DESCRIPTION:ChargePoint Holdings\, Inc. (the “Company”) hereby gives notice that it is redeeming\, at 5:00 p.m. New York City time on July 6\, 2021 (the “Redemption Date”)\, all of the Company’s outstanding Public Warrants (as defined in the Warrant Agreement) (the “Warrants”) to purchase shares of the Company’s common stock\, $0.0001 par value per share (the “Common Stock”) for a redemption price of $0.01 per Warrant (the “Redemption Price”)\, that were issued under the Warrant Agreement\, dated as of July 25\, 2019 (the “Warrant Agreement”)\, by and between the Company’s predecessor company\, Switchback Energy Acquisition Corporation (“Switchback”)\, and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, as part of the units sold in Switchback’s initial public offering (the “IPO”). Each Warrant entitles the holder thereof to purchase one share of Common Stock for a purchase price of $11.50 per whole share\, subject to adjustment. Any Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable and their holders will have no rights with respect to those Warrants\, except to receive the Redemption Price or as otherwise described in this notice for holders who hold their Warrants in “street name.” Warrants to purchase shares of Common Stock that were issued under the Warrant Agreement in private placements simultaneously with the closing of the IPO and the sale of over-allotment units\, as well as in connection with working capital loans made by NGP Switchback\, LLC to Switchback and are still held by the initial holders thereof or their permitted transferees are not subject to this notice of redemption. \n\n\n\nThe Warrants are listed on the New York Stock Exchange under the symbol “CHPT WS” and the Common Stock is listed on the New York Stock Exchange under the symbol “CHPT.” On June 3\, 2021\, the last reported sale price of the Warrants was $14.80 and the last reported sale price of the Common Stock was $26.27 per share. We expect that the New York Stock Exchange will suspend trading in the Warrants prior to the opening of trading on the Redemption Date and that the last day of trading will be the immediately preceding trading day\, which is expected to be July 2\, 2021. \n\n\n\nTERMS OF REDEMPTION; CESSATION OF RIGHTS \n\n\n\nThe rights of the Warrant holders to exercise their Warrants will terminate immediately prior to 5:00 p.m. New York City time on the Redemption Date. At 5:00 p.m. New York City time on the Redemption Date and thereafter\, the Warrants will no longer be exercisable and the holders of unexercised Warrants will have no rights with respect to those Warrants\, except to receive the Redemption Price or as otherwise described in this notice for holders who hold their Warrants in “street name.” We encourage you to consult with your broker\, financial advisor and/or tax advisor to consider whether or not to exercise your Warrants. Note that the act of exercising is VOLUNTARY\, meaning holders must instruct their broker to submit the Warrants for exercise. \n\n\n\nThe Company is exercising this right to redeem the Warrants pursuant to Section 6 of the Warrant Agreement. Pursuant to Section 6.1 of the Warrant Agreement\, the Company has the right to redeem all of the outstanding Warrants if the last sales price of the Common Stock reported has been at least $18.00 per share on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which a notice of redemption is given. The last sales price of the Common Stock has been at least $18.00 per share on each of twenty (20) trading days within the thirty (30) trading-day period ending on June 1\, 2021 (which is the third trading day prior to the date of this redemption notice). \n\n\n\nEXERCISE PROCEDURE \n\n\n\nWarrant holders have until 5:00 p.m. New York City time on the Redemption Date to exercise their Warrants to purchase shares of Common Stock. Warrants may only be exercised for cash. Each Warrant entitles the holder thereof to purchase one share of Common Stock at a cash price of $11.50 per whole share (the “Exercise Price”). \n\n\n\nPayment of the exercise funds may be made by wire transfer of immediately available funds. Wire instructions will be provided to the Depository Trust Company and will otherwise be provided upon request. \n\n\n\n\n\n\n\nThose who hold their Warrants in “street name” should immediately contact their broker to determine their broker’s procedure for exercising their Warrants since the process to exercise is VOLUNTARY. \n\n\n\nPersons who are holders of record of their Warrants may exercise their Warrants by sending: \n\n\n\n1.  The Warrant Certificate;2.  A fully and properly completed “Election to Purchase” (a form of which is attached hereto as Annex A)\, duly executed and indicating\, among of things\, the number of Warrants being exercised; and3.  The exercise funds via wire transfer\,\n\n\n\nto: \n\n\n\nContinental Stock Transfer & Trust Company \n\n\n\n1 State Street\, 30th Floor \n\n\n\nNew York\, NY 10004 \n\n\n\nAttention: Compliance Department \n\n\n\nTelephone: (212) 509-4000 \n\n\n\nThe method of delivery of the Warrants is at the option and risk of the holder\, but if mail is used\, registered mail properly insured is suggested. \n\n\n\nThe Warrant Certificate\, the fully and properly completed Election to Purchase and the exercise funds must be received by Continental Stock Transfer & Trust Company prior to 5:00 p.m. New York City time on the Redemption Date. Subject to the following paragraph\, any failure to deliver a fully and properly completed Election to Purchase together with the related Warrant Certificate and exercise funds before such time will result in such holder’s Warrants being redeemed at the Redemption Price of $0.01 per Warrant and not exercised. \n\n\n\nFor holders of Warrants who hold their Warrants in “street name\,” provided that the Exercise Price for the Warrants being exercised and a Notice of Guaranteed Delivery and the exercise funds are received by the Warrant Agent prior to 5:00 p.m. New York City time on the Redemption Date\, broker-dealers shall have two business days from the Redemption Date\, or 5:00 p.m. New York City time on July 6\, 2021\, to deliver the Warrants to the Warrant Agent. Any such Warrant received without an Election to Purchase and a Notice of Guaranteed Delivery having been duly executed and fully and properly completed or the exercise funds being submitted will be deemed to have been delivered for redemption at the Redemption Price of $0.01 per Warrant\, and not for exercise. \n\n\n\nPROSPECTUS \n\n\n\nA prospectus covering the shares of Common Stock issuable upon the exercise of the Warrants (and the supplements thereto) is included in a registration statement filed with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-253759) (the “SEC”). The SEC also maintains an Internet website that contains a copy of this prospectus. The address of this site is www.sec.report. Alternatively\, to obtain a copy of the prospectus (and the supplements thereto)\, please visit our investor relations website (investors.chargepoint.com). \n\n\n\nREDEMPTION PROCEDURE \n\n\n\nPayment of the Redemption Price will be made by the Company upon presentation and surrender of a Warrant for payment after 5:00 p.m. New York City time on the Redemption Date. Those who hold their shares in “street name” should contact their broker to determine their broker’s procedure for redeeming their Warrants.
URL:https://commonstockwarrants.com/event/notice-of-warrant-redemption-begin-nyse-chpt-chpt-ws-2/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210514T080000
DTEND;TZID=America/New_York:20210514T170000
DTSTAMP:20260418T051255
CREATED:20210514T203300Z
LAST-MODIFIED:20210611T204108Z
UID:690981-1620979200-1621011600@commonstockwarrants.com
SUMMARY:Danimer Scientific Announces Redemption of Public Warrants (NYSE:DNMR\, DNMR.WS) Begin
DESCRIPTION:Danimer Scientific (NYSE:DNMR) (“Danimer” or the “Company”)\, a leading next generation bioplastics company focused on the development and production of biodegradable materials\, today announced that it will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the its common stock\, $0.0001 par value per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated as of May 5\, 2020 (the “Warrant Agreement”)\, by and between Live Oak Acquisition Corp. and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, and that remain outstanding at 5:00 p.m. New York City time on June 16\, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement and still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nThe Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants\, at the exercise price of $11.50 per share. Any Public Warrants that remain unexercised following 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nNone of the Company\, its board of directors or employees have made or are making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-252515). \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Danimer Scientific \n\n\n\nDanimer is a pioneer in creating more sustainable\, more natural ways to make plastic products. For more than a decade\, its renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be found in a vast array of plastic end products that people use every day. Applications for its biopolymers include additives\, aqueous coatings\, fibers\, filaments\, films\, and injection-molded articles\, among others. Danimer now holds more than 150 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information\, visit www.danimerscientific.com. \n\n\n\nForward Looking Statements \n\n\n\nPlease note that in this press release we may use words such as “appears\,” “anticipates\,” “believes\,” “plans\,” “expects\,” “intends\,” “future\,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements\, including statements regarding the expected impact of the restatement of the Company’s financial statements on our 2020 financial results\, are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this press release include\, but are not limited to\, the completion of the audit of the Company’s restated financial statements\, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence\, preferences\, and behavior; disruption and volatility in the global currency\, capital\, and credit markets; the financial strength of the Company’s customers; the Company’s ability to implement its business strategy\, including\, but not limited to\, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation\, legislation or public opinion relating to our products; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business\, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers\, as well as consumer demand for our products\, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company’s ability to protect patents\, trademarks and other intellectual property rights; any breaches of\, or interruptions in\, our information systems; the ability of our information technology systems or information security systems to operate effectively\, including as a result of security breaches\, viruses\, hackers\, malware\, natural disasters\, vendor business interruptions or other causes; our ability to properly maintain\, protect\, repair or upgrade our information technology systems or information security systems\, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands\, including without limitation\, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price\, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; our ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities\, tariffs\, legal\, regulatory\, political and economic risks. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the Securities and Exchange Commission\, including the Company’s Annual Report on Form 10-K\, Quarterly Reports on Form 10-Q\, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release\, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release. \n\n\n\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005546/en/ \n\n\n\nContacts \n\n\n\nInvestorsir@danimer.com229-220-1103 \n\n\n\nMediaAnthony Popielapopiel@daltonagency.com404-876-1309
URL:https://commonstockwarrants.com/event/danimer-scientific-announces-redemption-of-public-warrants-nysednmr-dnmr-ws-begin/
CATEGORIES:Warrant Redemptions
ATTACH;FMTTYPE=image/png:https://commonstockwarrants.com/wp-content/uploads/2021/06/DNMR_logo.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210505T170000
DTEND;TZID=America/New_York:20210505T170000
DTSTAMP:20260418T051255
CREATED:20210405T155500Z
LAST-MODIFIED:20210405T161005Z
UID:690466-1620234000-1620234000@commonstockwarrants.com
SUMMARY:Vincerx Pharma (NASDAQ: VINC\, VINCW) CLOSING Redemption of Public Warrants (END)
DESCRIPTION:Vincerx Pharma\, Inc. (Nasdaq: VINC) (the “Company”)\, today announced that it will redeem all of its outstanding public warrants (the “Public Warrants”) to purchase shares of the Company’s common stock\, $0.0001 par value per share (“Common Stock”)\, that were issued under the Warrant Agreement\, dated as of March 5\, 2020 (the “Warrant Agreement”)\, by and between the Company and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, and that remain outstanding at 5:00 p.m. New York City time on May 5\, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Prior to the Redemption Date\, the Company’s units\, listed on the Nasdaq Capital Market under the symbol “LSACU\,” will each be separated into one share of Common Stock and one Public Warrant\, and be traded on the Nasdaq Capital Market under the symbols “LSAC” and “LSACW\,” respectively. \n\n\n\nWarrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement and still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all the outstanding Public Warrants if the last sale price of the Common Stock is at least $16.50 per share for any 20 trading days within any 30-day trading period ending on the third business day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nEach Public Warrant may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date\, to purchase one-half (1/2) of a fully paid and non-assessable share of Common Stock underlying such warrant\, at the exercise price of $11.50 per whole share of Common Stock. Pursuant to the Warrant Agreement\, a holder may exercise its warrants only for a whole number of shares. This means that only an even number of Public Warrants may be exercised at any given time by a holder. Any Public Warrants that remain unexercised following 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. 6\,563\,767 Public Warrants were initially issued by the Company\, exercisable for an aggregate of 3\,281\,883 shares of Common Stock at a price of $11.50 per share\, representing a total of approximately $37.7 million in potential proceeds to the Company. \n\n\n\nNone of the Company\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement on Form S-1 filed with\, and declared effective by\, the Securities and Exchange Commission (File No. 333-252589). \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or SolicitationThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Vincerx Pharma\, Inc.Vincerx Pharma (Vincerx) is a recently formed clinical-stage life sciences company focused on leveraging its extensive development and oncology expertise to advance new therapies intended to address unmet medical needs for the treatment of cancer. Vincerx’s executive team has assembled a management team of biopharmaceutical experts with extensive experience in building and operating organizations that develop and deliver innovative medicines to patients. Vincerx’s current pipeline is derived from an exclusive license agreement with Bayer and includes a clinical-stage and follow-on small molecule drug program and a preclinical stage bioconjugation/next-generation antibody-drug conjugate platform. \n\n\n\nForward Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933\, as amended (the “Securities Act”)\, and Section 21E of the Securities Exchange Act of 1934\, as amended\, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements\, which are based on certain assumptions and describe future plans\, strategies\, expectations and events\, can generally be identified by the use of forward-looking terms such as “believe\,” “expect\,” “may\,” “will\,” “should\,” “would\,” “could\,” “seek\,” “intend\,” “plan\,” “goal\,” “project\,” “estimate\,” “anticipate” or other comparable terms. All statements other than statements of historical facts included in this press release are forward-looking statements. Forward-looking statements include\, but are not limited to\, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. Forward-looking statements are neither historical facts nor assurances of future performance or events. Instead\, they are based only on current beliefs\, expectations and assumptions regarding future business developments\, future plans and strategies\, projections\, anticipated events and trends\, the economy and other future conditions. Forward-looking statements are subject to inherent uncertainties\, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. \n\n\n\nActual results\, conditions and events may differ materially from those indicated in the forward-looking statements. Therefore\, you should not rely on any of these forward-looking statements. Important factors that could cause actual results\, conditions and events to differ materially from those indicated in the forward-looking statements include\, but are not limited to: general economic\, financial\, legal\, political and business conditions and changes in domestic and foreign markets; the potential effects of the COVID-19 pandemic; risks associated with preclinical or clinical development conducted prior to Vincerx’s in-licensing; failure to realize the anticipated benefits of the business combination with LifeSci Acquisition Corp.; failure to realize the benefits of the Bayer license; risks related to the rollout of Vincerx’s business and the timing of expected business milestones; changes in the assumptions underlying Vincerx’s expectations regarding its future business or business model; Vincerx’s ability to develop and commercialize product candidates; the availability and uses of capital; the effects of competition on Vincerx’s future business; and the risks and uncertainties set forth in reports on Forms 10-K\, 10-Q and 8-K filed with or furnished to the SEC from time to time by Vincerx. Forward-looking statements speak only as of the date hereof\, and Vincerx disclaims any obligation to update any forward-looking statements. \n\n\n\nContact InformationBruce MackleLifeSci Advisors\, LLC646-889-1200bmackle@lifesciadvisors.com
URL:https://commonstockwarrants.com/event/vincerx-pharma-nasdaq-vinc-vincw-closing-redemption-of-public-warrants-end/
CATEGORIES:Warrant Redemptions
ATTACH;FMTTYPE=image/png:https://commonstockwarrants.com/wp-content/uploads/2021/04/VINC_logo.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210504T080000
DTEND;TZID=America/New_York:20210504T170000
DTSTAMP:20260418T051255
CREATED:20210504T145925Z
LAST-MODIFIED:20210504T145927Z
UID:690758-1620115200-1620147600@commonstockwarrants.com
SUMMARY:MP Materials (NYSE: MP\, MP.WS) Announces Cashless Redemption of Public Warrants (BEGIN)
DESCRIPTION:MOUNTAIN PASS\, Calif.–(BUSINESS WIRE)–MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s common stock\, par value $0.0001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated April 29\, 2020 (the “Warrant Agreement”)\, by and between the Company (f/k/a Fortress Value Acquisition Corp.) and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, as part of the units sold in the Company’s initial public offering (the “IPO”)\, for a redemption price of $0.01 per Public Warrant (the “Redemption Price”)\, that remain outstanding at 5:00 p.m. New York City time on June 7\, 2021 (the “Redemption Date”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO are no longer outstanding and are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nIn addition\, in accordance with the Warrant Agreement\, the Company’s Board of Directors has elected to require that\, upon delivery of the notice of redemption\, all Public Warrants are to be exercised only on a “cashless basis.” Accordingly\, holders may no longer exercise Public Warrants and receive Common Stock in exchange for payment in cash of the $11.50 per warrant exercise price. Instead\, a holder exercising a Public Warrant will be deemed to pay the $11.50 per warrant exercise price by the surrender of 0.3808 of a share of Common Stock (such fraction determined as described below) that such holder would have been entitled to receive upon a cash exercise of a Public Warrant. Accordingly\, by virtue of the cashless exercise of the Public Warrants\, exercising warrant holders will receive 0.6192of a share of Common Stock for each Public Warrant surrendered for exercise. This cashless exercise reduces the dilution to MP Materials stockholders by settling the net value of the Public Warrants in equity\, as described above\, without raising the approximately $132 million underlying the cash exercise of the Public Warrants. Any Public Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be delisted\, void and no longer exercisable\, and the holders will have no rights with respect to those Public Warrants\, except to receive the Redemption Price (or as otherwise described in the redemption notice for holders who hold their Public Warrants in “street name”). \n\n\n\nThe number of shares of Common Stock that each exercising warrant holder will receive by virtue of the cashless exercise (instead of paying the $11.50 per Public Warrant cash exercise price) was calculated in accordance with the terms of the Warrant Agreement and is equal to the quotient obtained by dividing (x) the product of the number of shares underlying the Public Warrants held by such warrant holder\, multiplied by the difference between $30.197\, the average last sale price of the Common Stock for the ten trading days ending on April 29\, 2021\, the third trading day prior to the date of the redemption notice (the “Fair Market Value”) and $11.50\, by (y) the Fair Market Value. If any holder of Public Warrants would\, after taking into account all of such holder’s Public Warrants exercised at one time\, be entitled to receive a fractional interest in a share of Common Stock\, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares. \n\n\n\nMP Materials understands from the New York Stock Exchange that Friday\, June 4\, 2021\, will be the last day on which the Public Warrants will be traded on the New York Stock Exchange. \n\n\n\nNone of MP Materials\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nIssuance of the shares of Common Stock underlying the Public Warrants has been registered by MP Materials under the Securities Act of 1933\, as amended\, and is covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-251239). Exercise of Public Warrants should be directed through the broker of the warrant holder. In addition to the broker\, questions may also be directed to D.F. King & Co.\, Inc. at (800) 870-0653 (for individuals) / (212) 269-5550 (for banks and brokerages) or at MP@dfking.com. Or contact Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Reorganization Department\, Telephone Number (917) 262-2378. \n\n\n\nAdditional information can be found on MP Materials’ Investor Relations website: https://investors.mpmaterials.com. \n\n\n\nAbout MP Materials \n\n\n\nMP Materials Corp. (NYSE: MP) owns and operates Mountain Pass\, one of the world’s largest integrated rare earth mining and processing facilities. Separated rare earth elements are critical inputs for the magnets that enable the mobility of electric vehicles\, drones\, defense systems\, wind turbines\, robotics and many other advanced technologies. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of MP Materials’ securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nForward Looking Statements \n\n\n\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of the words such as “estimate\,” “plan\,” “project\,” “forecast\,” “intend\,” “expect\,” “anticipate\,” “believe\,” “seek\,” “target\,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include\, but are not limited to\, expectations regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions\, whether or not identified in this press release\, and on the current expectations of MP Materials’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as\, and must not be relied on by any investor as\, a guarantee\, an assurance\, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of MP Materials. These forward-looking statements are subject to a number of risks and uncertainties\, including: risks related to the redemption of the Public Warrants\, unanticipated costs or delays associated with our Stage II optimization project; uncertainties relating to our commercial arrangements with Shenghe Resources (Singapore) International Trading Pte. Ltd.\, an affiliate of Shenghe Resources Holding Co.\, Ltd.\, a global rare earth company listed on the Shanghai Stock Exchange; the ability to convert current commercial discussions with customers for the sale of rare earth oxide products into contracts; potential changes in China’s political environment and policies; fluctuations in demand for\, and prices of\, rare earth minerals and products; uncertainties relating to the COVID-19 pandemic; the intense competition within the rare earths mining and processing industry; uncertainties regarding the growth of existing and emerging uses for rare earth products; potential power shortages at the Mountain Pass facility; increasing costs or limited access to raw materials that may adversely affect our profitability; fluctuations in transportation costs or disruptions in transportation services; inability to meet individual customer specifications; diminished access to water; uncertainty in our estimates of rare earth oxide reserves; uncertainties regarding our ability to vertically integrate into further downstream processing and reach full revenue potential; risks associated with work stoppages; a shortage of skilled technicians and engineers; loss of key personnel; risks associated with the inherent dangers involved in mining activity; risks associated with events outside of our control\, such as natural disasters\, wars or health epidemics or pandemics; risks related to technology systems and security breaches; risks associated with our intellectual property rights; ability to compete with substitutions for rare earth minerals; ability to maintain satisfactory labor relations; risks relating to extensive and costly environmental regulatory requirements; and those risk factors discussed in MP Materials’ Annual Report on Form 10-K filed on March 22\, 2021 under the heading “Risk Factors” and other documents filed by MP Materials with the Securities and Exchange Commission. There may be additional risks that MP Materials does not presently know or that MP Materials currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition\, forward-looking statements reflect MP Materials’ expectations\, plans or forecasts of future events and views as of the date of this press release. MP Materials anticipates that subsequent events and developments will cause MP Materials’ assessments to change. However\, while MP Materials may elect to update these forward looking statements at some point in the future\, MP Materials specifically disclaims any obligation to do so\, unless required by applicable law. These forward-looking statements should not be relied upon as representing MP Materials’ assessments as of any date subsequent to the date of this press release. Accordingly\, undue reliance should not be placed upon the forward-looking statements. \n\n\n\n\n\n\n\nContacts\n\n\n\nInvestors:Martin SheehanIR@mpmaterials.com \n\n\n\nMedia:Matt Sloustchermedia@mpmaterials.com
URL:https://commonstockwarrants.com/event/mp-materials-nyse-mp-mp-ws-announces-cashless-redemption-of-public-warrants-begin/
CATEGORIES:Warrant Redemptions
ATTACH;FMTTYPE=image/png:https://commonstockwarrants.com/wp-content/uploads/2021/05/MP_logo.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210419T170000
DTEND;TZID=America/New_York:20210419T170000
DTSTAMP:20260418T051255
CREATED:20210330T191852Z
LAST-MODIFIED:20210330T191901Z
UID:690156-1618851600-1618851600@commonstockwarrants.com
SUMMARY:Fisker (NYSE: FSR\, FSR.WS) CLOSING Cashless Warrant Redemption
DESCRIPTION:LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker” or the “Company”) – designer and manufacturer of the world’s most emotion-stirring\, eco-friendly electric vehicles and advanced mobility solutions – today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s Class A common stock\, par value $0.00001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated Aug. 9\, 2018 (the “Warrant Agreement”)\, by and between the Company (f/k/a Spartan Energy Acquisition Corp.) and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, as part of the units sold in the Company’s initial public offering (the “IPO”)\, for a redemption price of $0.01 per Public Warrant (the “Redemption Price”)\, that remain outstanding at 5:00 p.m. New York City time on April 19\, 2021 (the “Redemption Date”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO are no longer outstanding and are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nIn addition\, in accordance with the Warrant Agreement\, the Company’s board of directors has elected to require that\, upon delivery of the notice of redemption\, all Public Warrants are to be exercised only on a “cashless basis.” Accordingly\, holders may no longer exercise Public Warrants and receive Common Stock in exchange for payment in cash of the $11.50 per warrant exercise price. Instead\, a holder exercising a Public Warrant will be deemed to pay the $11.50 per warrant exercise price by the surrender of 0.5046 of a share of Common Stock (such fraction determined as described below) that such holder would have been entitled to receive upon a cash exercise of a Public Warrant. Accordingly\, by virtue of the cashless exercise of the Public Warrants\, exercising warrant holders will receive 0.4954 of a share of Common Stock for each Public Warrant surrendered for exercise. Any Public Warrants (including Public Warrants that are included in outstanding units) that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be delisted\, void and no longer exercisable\, and the holders will have no rights with respect to those Public Warrants\, except to receive the Redemption Price (or as otherwise described in the redemption notice for holders who hold their Public Warrants in “street name”). \n\n\n\n“We are pleased to take this opportunity to redeem the outstanding public warrants on a cashless basis. As compared to a cash exercise\, this not only limits dilution to our common shareholders\, but we believe it to be simpler and less burdensome to holders of the public warrants\, along with being reflective of our strong balance sheet and confidence in Fisker’s business outlook\,” said Fisker Chairman and Chief Executive Officer\, Henrik Fisker. “This action will streamline our capital structure in a less dilutive way than through a full cash exercise redemption and remove a majority of our warrant overhang.” \n\n\n\nAs of March 18\, 2021\, approximately 7.7 million public warrants had been voluntarily exercised on a cash basis\, generating approximately $89.0 million of cash proceeds to Fisker. Fisker has made the decision to reduce further dilution by electing to limit further warrant exercises on a cashless basis in accordance with the terms of the Warrant Agreement as part of Fisker’s right to redeem the public warrants. By electing to limit exercise of the remaining public warrants to a cashless basis\, including the recent cashless exercise of all 9.36 million private warrants by the company’s former sponsor\, Spartan Energy Acquisition Corporation\, the total dilutive impact to common shareholders will be limited to approximately 3.7% as compared to 7.2% under a cash exercise method. \n\n\n\nThe number of shares of Common Stock that each exercising warrant holder will receive by virtue of the cashless exercise (instead of paying the $11.50 per Public Warrant cash exercise price) was calculated in accordance with the terms of the Warrant Agreement and is equal to the quotient obtained by dividing (x) the product of the number of shares underlying the Public Warrants held by such warrant holder\, multiplied by the difference between $22.79\, the average last sale price of the Common Stock for the ten trading days ending on March 16\, 2021\, the third trading day prior to the date of the redemption notice (the “Fair Market Value”) and $11.50\, by (y) the Fair Market Value. If any holder of Public Warrants would\, after taking into account all of such holder’s Public Warrants exercised at one time\, be entitled to receive a fractional interest in a share of Common Stock\, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares. \n\n\n\nAt 5:00 p.m. New York City time on the Redemption Date\, the Company’s outstanding units (the “Units”) will be mandatorily separated into their component parts – one share of Common Stock and one-third of one Public Warrant – and the Public Warrants and Units will cease trading. As a result\, at 5:00 p.m. New York City time on the Redemption Date\, each Unit holder’s account\, in lieu of Units\, will reflect ownership of the number of shares of Common Stock underlying such holder’s Units. \n\n\n\nNone of Fisker\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by Fisker under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S‑1/A with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333‑249981). \n\n\n\nExercise of public warrants should be directed through the broker of the warrant holder. In addition to the broker\, questions may also be directed to Morrow Sodali at (800) 662-5200 (for individuals) / (203) 658-9400 (for banks and brokerages) or at FSR.info@investor.morrowsodali.com. Or contact Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Reorganization Department\, Telephone Number (917) 262-2378. \n\n\n\nAdditional information can be found on Fisker’s Investor Relations website: http://investors.fiskerinc.com/resources/warrant-faq/default.aspx \n\n\n\nAbout Fisker Inc. \n\n\n\nCalifornia-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all\, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more\, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook\, Instagram\, Twitter\, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Fisker’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nForward Looking Statements \n\n\n\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe\,” “may\,” “will\,” “estimate\,” “continue\,” “anticipate\,” “intend\,” “expect\,” “should\,” “would\,” “plan\,” “predict\,” “potential\,” “seem\,” “seek\,” “future\,” “outlook\,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include\, but are not limited to\, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions\, whether or not identified in this press release\, and on the current expectations of Fisker’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements\, including but not limited to Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna\, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design\, manufacture\, regulatory approval\, launch and financing of its vehicles; Fisker’s ability to execute its business model\, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Registration Statement on Form S-1 (No. 333-249981) under the heading “Risk Factors\,” filed with the Securities and Exchange Commission (the “SEC”) and other reports and documents Fisker files from time to time with the SEC. If any of these risks materialize or Fisker’s management’s assumptions prove incorrect\, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements\, which speak only as of the date made and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. \n\n\n\n\n\n\n\nContacts\n\n\n\nFisker Inc.Dan Galves\, VP\, Investor Relationsdgalves@fiskerinc.comFiskerIR@icrinc.com \n\n\n\nSimon Sproule\, SVP\, Communications310.374.6177Fisker@GoDRIVEN360.com
URL:https://commonstockwarrants.com/event/fisker-nyse-fsr-fsr-ws-closing-cashless-warrant-redemption/
CATEGORIES:Warrant Redemptions
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BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210416T170000
DTEND;TZID=America/New_York:20210416T170000
DTSTAMP:20260418T051255
CREATED:20210330T182209Z
LAST-MODIFIED:20210330T190737Z
UID:690142-1618592400-1618592400@commonstockwarrants.com
SUMMARY:Porch Group (NASDAQ: PRCH\, PRCHW) CLOSES Redemption of Stock Warrants (END)
DESCRIPTION:SEATTLE\, March 23\, 2021 (GLOBE NEWSWIRE) — Porch Group\, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH)\, a leading vertical software company reinventing the home services and insurance industries\, announced that the Company will redeem all of its outstanding publicly held warrants (the “Public Warrants”). Holders of the Public Warrants have until 5:00 p.m. Eastern Daylight Time (EDT) on April 16\, 2021 to exercise their Public Warrants. \n\n\n\nPrior to March 22\, 2021\, holders of 7.1 million warrants voluntarily exercised their warrants resulting in $81.9 million in total cash proceeds to Porch. Additional Public Warrants are exercisable for an aggregate of approximately 1.5 million shares of common stock\, which reflects the Company’s conservative estimate of the total number of outstanding Public Warrants as of March 22\, at a price of $11.50 per share\, representing approximately $17 million in potential incremental cash proceeds to Porch. \n\n\n\nThe Company does not have access to information about private warrants that may have been sold and therefore became Public Warrants. If the Private Warrant holders have sold their warrants or choose to exercise for cash\, then the Company may receive additional proceeds of up to $66 million for a total potential cash inflow of $165 million. \n\n\n\n“This warrant redemption will strengthen our financial position at a low cost while further streamlining our capital structure\,” said Porch Group CEO\, Chairman\, and Founder Matt Ehrlichman. “The warrant exercise will add more than $99 million—and up to $165 million—in cash to our balance sheet\, positioning us well to execute our growth plan\, which includes core business expansion\, entering new home service verticals and potential strategic M&A.” \n\n\n\nPublic Warrant DetailsUnder the terms of the agreement governing the Public Warrants (the “Warrant Agreement”)\, Porch is entitled to redeem all of the outstanding Public Warrants for a redemption price of $0.01 per Public Warrant if the last sales price of the Company’s common stock is at least $18.00 per share on each of twenty (20) trading days within any thirty-day (30) trading period ending on the third trading day prior to the date on which a notice of redemption is given. This performance threshold was achieved following the market close on March 12\, 2021. \n\n\n\nAny Public Warrants that remain unexercised immediately after 5:00 p.m. Eastern Time on April 16\, 2021\, the redemption date\, will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive $0.01 per Public Warrant. \n\n\n\nPrivate Placement Warrants (as defined in the Warrant Agreement) that are held by the founders of PropTech Acquisition Corporation and their Permitted Transferees (as defined in the Warrant Agreement) are not redeemable. \n\n\n\nAdditional InformationAt the direction of the Company\, Continental Stock Transfer and Trust Company\, in its capacity as warrant agent\, has mailed a notice of redemption to each of the registered holders of the outstanding Public Warrants. Holders of Public Warrants in “street name” should immediately contact their broker to determine their broker’s procedure for exercising their Public Warrants since the process to exercise is voluntary. \n\n\n\nNone of Porch Group\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of common stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission. \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or SolicitationThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Porch Group’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Porch GroupSeattle-based Porch Group\, the vertical software platform for the home\, provides software and services to more than 11\,000 home services companies such as home inspectors\, moving companies\, real estate agencies\, utility companies\, and warranty companies. Through these relationships and its multiple brands\, Porch provides a moving concierge service to homebuyers\, helping them save time and make better decisions on critical services\, including insurance\, moving\, security\, TV/internet\, home repair and improvement\, and more. To learn more about Porch\, visit porchgroup.com or porch.com. \n\n\n\nForward-Looking StatementsCertain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Porch’s future financial or operating performance. For example\, projections of future revenue\, Adjusted EBITDA and other metrics\, business strategy and plans\, and anticipated impacts from pending or completed acquisitions\, are forward-looking statements. In some cases\, you can identify forward-looking statements by terminology such as “may\,” “should\,” “expect\,” “intend\,” “will\,” “estimate\,” “anticipate\,” “believe\,” “predict\,” “potential” or “continue\,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks\, uncertainties\, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.   These forward-looking statements are based upon estimates and assumptions that\, while considered reasonable by Porch and its management\, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include\, but are not limited to: (1) the ability to recognize the anticipated benefits of Porch’s December 2020 business combination (the “Merger”) with PropTech Acquisition Corporation (“PropTech”)\, which may be affected by\, among other things\, competition and the ability of the combined company to grow and manage growth profitably\, maintain key commercial relationships and retain its management and key employees; (2) expansion plans and opportunities\, including future and pending acquisitions or additional business combinations; (3) costs related to the Merger and being a public company; (4) litigation\, complaints\, and/or adverse publicity; (5) the impact of changes in consumer spending patterns\, consumer preferences\, local\, regional and national economic conditions\, crime\, weather\, demographic trends and employee availability; (6) privacy and data protection laws\, privacy or data breaches\, or the loss of data; (7) the impact of the COVID-19 pandemic and its effect on the business and financial conditions of Porch; and (8) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Forward-Looking Statements” in the definitive proxy statement/consent solicitation statement/prospectus filed by PropTech (n/k/a Porch) with the Securities and Exchange Commission (the “SEC”) on December 3\, 2020 and other documents of Porch filed\, or to be filed\, with the SEC.   \n\n\n\nNothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements\, which speak only as of the date they are made. Porch does not undertake any duty to update these forward-looking statements\, except as may be required by law. \n\n\n\nInvestor Relations Contact:Gateway Investor RelationsCody Slach\, Matt Glover(949) 574-3860PRCH@gatewayir.com
URL:https://commonstockwarrants.com/event/porch-group-nasdaq-prch-prchw-closes-redemption-of-stock-warrants-end/
CATEGORIES:Warrant Redemptions
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BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210412T170000
DTEND;TZID=America/New_York:20210412T170000
DTSTAMP:20260418T051255
CREATED:20210331T025449Z
LAST-MODIFIED:20210331T025454Z
UID:690363-1618246800-1618246800@commonstockwarrants.com
SUMMARY:iSUN (NASDAQ: ISUN\, ISUNW) CLOSING Redemption of Stock Warrants (END)
DESCRIPTION:iSun\, Inc. (NASDAQ: ISUN) (“iSun” or the “Company”) a leading solar energy and clean mobility infrastructure innovator with 50 years of construction expertise for solar\, electrical and data services\, today announced that the Company will redeem all of its outstanding public warrants (the “Public Warrants”) to purchase shares of the Company’s Common Stock\, par value $0.0001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated March 2\, 2016\, as amended (the “Warrant Agreement”)\, by and between the Company (formerly Jensyn Acquisition Corporation and formerly The Peck Company Holdings\, Inc. ) and Continental Stock Transfer & Trust Company\, as Warrant Agent (the “Warrant Agent”)\, as part of the Units sold in the Company’s initial public offering (the “IPO”) and that remain outstanding at 6:30 p.m. New York City time on April 12\, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO and that are still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nEach Public Warrant entitles the holder thereof to purchase one-half of one share of Common Stock for a purchase price of $5.75 per half share\, subject to adjustment. Any Public Warrants that remain unexercised at 6:30 p.m. New York City time on the Redemption Date will be void and no longer exercisable and their holders will have no rights with respect to those Public Warrants\, except to receive the Redemption Price or as otherwise described in this notice for holders who hold their Public Warrants in “street name.” The Company hereby informs you of its intention to irrevocably deposit with the Warrant Agent cash sufficient to pay the redemption price for all outstanding Public Warrants no later than one day prior to the Redemption Date. \n\n\n\nOf the 4\,194\,500 Public Warrants outstanding from our combination with Jensyn Acquisition Corporation in June 2019 and that are available to exercise\, 2\,629\,120 or 63% have been exercised to date and 1\,565\,380 or 37% remaining outstanding. \n\n\n\n“The redemption of our warrants marks another critical step in the evolution of iSun as we work to further streamline our capital structure and enhance our cash position\,” said Jeffrey Peck\, iSun’s Chief Executive Officer. “With 63% of the public warrants having been exercised to date\, the anticipated additional exercises will provide iSun with increased cash on the balance sheet to invest in both organic growth initiatives and to pursue M&A and investment opportunities in-line with our strategy to be an integrated provider of renewable energy as a service.” \n\n\n\nNone of the Company\, its Board of Directors or officers has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a Registration Statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-208159). The SEC maintains an Internet website that contains a copy of this Registration Statement and Prospectus filed in connection therewith. The address of that site is www.sec.gov. Alternatively\, a copy of the Prospectus from the iSun investor relations website may be obtained at https://investors.isunenergy.com. \n\n\n\nQuestions concerning exercise of redemption of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout iSun\, Inc. \n\n\n\nHeadquartered in Williston\, VT\, iSun\, Inc. (NASDAQ: ISUN) is a business rooted in values of integrity and diversity that align people\, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the United States\, iSun provides solar energy and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging\, up to multi-megawatt renewable energy solutions. iSun’s innovations were recognized this year by the Solar Impulse Foundation of Bertrand Piccard as one the globe’s Top 1000 Sustainability Solutions. As a winner\, this award will result in the iSun solution being presented to hundreds of government entities around the world\, including various municipal\, state and federal agencies in the United States. Since entering the renewable energy market in 2012\, iSun has installed over 200 megawatts of rooftop\, ground mount and EV carport solar systems (equal to power required for 38\,000 homes). We continue to focus on profitable growth opportunities. For more information\, visit www.isunenergy.com \n\n\n\nForward Looking Statements \n\n\n\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include\, but are not limited to\, statements about (i) iSun’s plans\, objectives\, expectations and intentions and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects” “anticipates\,” “intends\,” “plans\,” “believes\,” “seeks\,” “estimates\,” “targets\,” “projects\,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business\, economic and competitive uncertainties and contingencies\, many of which are beyond the control of iSun. In addition\, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties. \n\n\n\n\n\n\n\nContacts\n\n\n\nInvestor Relations Contact:Chase JacobsonIR@isunenergy.com802-264-2040
URL:https://commonstockwarrants.com/event/isun-nasdaq-isun-isunw-closing-redemption-of-stock-warrants-end/
CATEGORIES:Warrant Redemptions
ATTACH;FMTTYPE=image/png:https://commonstockwarrants.com/wp-content/uploads/2021/03/ISUN_logo.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Denver:20210405T170000
DTEND;TZID=America/Denver:20210405T170000
DTSTAMP:20260418T051255
CREATED:20210330T195533Z
LAST-MODIFIED:20210330T195556Z
UID:690160-1617642000-1617642000@commonstockwarrants.com
SUMMARY:(NYSE: RMO\, RMO.WS)  Romeo Power CLOSING Warrant redemption (END)
DESCRIPTION:Romeo Power\, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO)\, an energy technology leader delivering large-scale electrification solutions for complex commercial applications\, announced today that it has extended the period during which its public warrants may be exercised by the holders of such warrants to 5:00 p.m. New York City time on April 5\, 2021. \n\n\n\nOn February 16\, 2021\, the Company announced it would redeem all of the outstanding public warrants to purchase shares of its common stock\, $0.0001 par value per share (“Common Stock”)\, that were issued under the Warrant Agreement\, dated February 7\, 2019 (the “Warrant Agreement”)\, by and between Romeo Power (formerly known as RMG Acquisition Corp.) and American Stock Transfer & Trust Company\, LLC\, as warrant agent\, and that remain outstanding following the redemption date\, for a redemption price of $0.01 per warrant. Warrants that were issued under the Warrant Agreement in a private placement and are still held by the initial holders thereof or their permitted transferees are not subject to the redemption. \n\n\n\nAll such public warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on April 5\, 2021 to purchase fully paid and non-assessable shares of Common Stock underlying such warrants\, at the exercise price of $11.50 per share. Any such public warrants that remain unexercised following 5:00 p.m. New York City time on April 5\, 2021 will be void and no longer exercisable\, and the holders of those public warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nNone of Romeo Power\, its board of directors or employees has made or is making any representation or recommendation to any holder of the public warrants as to whether to exercise or refrain from exercising any public warrants. \n\n\n\nThe shares of Common Stock issuable upon exercise of the public warrants have been registered by Romeo Power under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No.333-252190). \n\n\n\nQuestions concerning redemption and exercise of the public warrants can be directed to American Stock Transfer & Trust Company\, LLC\, 6201 15th Avenue\, Brooklyn\, NY 11219\, Email: reorgwarrants@astfinancial.com. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Romeo Power’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Romeo Power\, Inc. \n\n\n\nFounded in 2016 and headquartered in Los Angeles\, California\, Romeo Power (NYSE: RMO) is an energy technology leader delivering large-scale electrification solutions for complex commercial applications. The Company’s suite of advanced hardware\, combined with its innovative battery management system\, delivers the safety\, performance\, reliability and configurability its customers need to succeed. Romeo Power’s 113\,000 square-foot manufacturing facility brings its flexible design and development process in-house to pack the most energy dense modules on the market. To keep up with everything Romeo Power\, please follow the Company on social @romeopowerinc or visit https://romeopower.com. \n\n\n\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210311005487/en/ \n\n\n\nContacts \n\n\n\nRomeo PowerFor InvestorsICR\, Inc.RomeoPowerIR@icrinc.comFor MediaICR\, Inc.RomeoPowerPR@icrinc.com
URL:https://commonstockwarrants.com/event/nyse-rmo-rmo-ws-romeo-power-closing-warrant-redemption-end/
CATEGORIES:Warrant Redemptions
ATTACH;FMTTYPE=image/png:https://commonstockwarrants.com/wp-content/uploads/2021/03/RMO_logo.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210405T080000
DTEND;TZID=America/New_York:20210405T170000
DTSTAMP:20260418T051255
CREATED:20210405T160751Z
LAST-MODIFIED:20210405T160755Z
UID:690465-1617609600-1617642000@commonstockwarrants.com
SUMMARY:Vincerx Pharma (NASDAQ: VINC\, VINCW) Announces Redemption of Public Warrants (BEGIN)
DESCRIPTION:Vincerx Pharma\, Inc. (Nasdaq: VINC) (the “Company”)\, today announced that it will redeem all of its outstanding public warrants (the “Public Warrants”) to purchase shares of the Company’s common stock\, $0.0001 par value per share (“Common Stock”)\, that were issued under the Warrant Agreement\, dated as of March 5\, 2020 (the “Warrant Agreement”)\, by and between the Company and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, and that remain outstanding at 5:00 p.m. New York City time on May 5\, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Prior to the Redemption Date\, the Company’s units\, listed on the Nasdaq Capital Market under the symbol “LSACU\,” will each be separated into one share of Common Stock and one Public Warrant\, and be traded on the Nasdaq Capital Market under the symbols “LSAC” and “LSACW\,” respectively. \n\n\n\nWarrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement and still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all the outstanding Public Warrants if the last sale price of the Common Stock is at least $16.50 per share for any 20 trading days within any 30-day trading period ending on the third business day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nEach Public Warrant may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date\, to purchase one-half (1/2) of a fully paid and non-assessable share of Common Stock underlying such warrant\, at the exercise price of $11.50 per whole share of Common Stock. Pursuant to the Warrant Agreement\, a holder may exercise its warrants only for a whole number of shares. This means that only an even number of Public Warrants may be exercised at any given time by a holder. Any Public Warrants that remain unexercised following 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. 6\,563\,767 Public Warrants were initially issued by the Company\, exercisable for an aggregate of 3\,281\,883 shares of Common Stock at a price of $11.50 per share\, representing a total of approximately $37.7 million in potential proceeds to the Company. \n\n\n\nNone of the Company\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement on Form S-1 filed with\, and declared effective by\, the Securities and Exchange Commission (File No. 333-252589). \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or SolicitationThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Vincerx Pharma\, Inc.Vincerx Pharma (Vincerx) is a recently formed clinical-stage life sciences company focused on leveraging its extensive development and oncology expertise to advance new therapies intended to address unmet medical needs for the treatment of cancer. Vincerx’s executive team has assembled a management team of biopharmaceutical experts with extensive experience in building and operating organizations that develop and deliver innovative medicines to patients. Vincerx’s current pipeline is derived from an exclusive license agreement with Bayer and includes a clinical-stage and follow-on small molecule drug program and a preclinical stage bioconjugation/next-generation antibody-drug conjugate platform. \n\n\n\nForward Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933\, as amended (the “Securities Act”)\, and Section 21E of the Securities Exchange Act of 1934\, as amended\, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements\, which are based on certain assumptions and describe future plans\, strategies\, expectations and events\, can generally be identified by the use of forward-looking terms such as “believe\,” “expect\,” “may\,” “will\,” “should\,” “would\,” “could\,” “seek\,” “intend\,” “plan\,” “goal\,” “project\,” “estimate\,” “anticipate” or other comparable terms. All statements other than statements of historical facts included in this press release are forward-looking statements. Forward-looking statements include\, but are not limited to\, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. Forward-looking statements are neither historical facts nor assurances of future performance or events. Instead\, they are based only on current beliefs\, expectations and assumptions regarding future business developments\, future plans and strategies\, projections\, anticipated events and trends\, the economy and other future conditions. Forward-looking statements are subject to inherent uncertainties\, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. \n\n\n\nActual results\, conditions and events may differ materially from those indicated in the forward-looking statements. Therefore\, you should not rely on any of these forward-looking statements. Important factors that could cause actual results\, conditions and events to differ materially from those indicated in the forward-looking statements include\, but are not limited to: general economic\, financial\, legal\, political and business conditions and changes in domestic and foreign markets; the potential effects of the COVID-19 pandemic; risks associated with preclinical or clinical development conducted prior to Vincerx’s in-licensing; failure to realize the anticipated benefits of the business combination with LifeSci Acquisition Corp.; failure to realize the benefits of the Bayer license; risks related to the rollout of Vincerx’s business and the timing of expected business milestones; changes in the assumptions underlying Vincerx’s expectations regarding its future business or business model; Vincerx’s ability to develop and commercialize product candidates; the availability and uses of capital; the effects of competition on Vincerx’s future business; and the risks and uncertainties set forth in reports on Forms 10-K\, 10-Q and 8-K filed with or furnished to the SEC from time to time by Vincerx. Forward-looking statements speak only as of the date hereof\, and Vincerx disclaims any obligation to update any forward-looking statements. \n\n\n\nContact InformationBruce MackleLifeSci Advisors\, LLC646-889-1200bmackle@lifesciadvisors.com
URL:https://commonstockwarrants.com/event/vincerx-pharma-nasdaq-vinc-vincw-announces-redemption-of-public-warrants-begin/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Denver:20210404T180000
DTEND;TZID=America/Denver:20210404T190000
DTSTAMP:20260418T051255
CREATED:20210331T000434Z
LAST-MODIFIED:20210331T000442Z
UID:690219-1617559200-1617562800@commonstockwarrants.com
SUMMARY:SPAC Warrant Portfolio Review
DESCRIPTION:The weekly review of the SPAC Warrant Portfolio with Jeff Baker  \n\n\n\n(available with access to the SPAC Warrant Index)
URL:https://commonstockwarrants.com/event/spac-warrant-portfolio-review/
CATEGORIES:SPAC Portfolio Review
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Denver:20210401T190000
DTEND;TZID=America/Denver:20210401T193000
DTSTAMP:20260418T051255
CREATED:20210330T235609Z
LAST-MODIFIED:20210330T235618Z
UID:690218-1617303600-1617305400@commonstockwarrants.com
SUMMARY:A Look Over My Shoulder -  Dudley's Portfolio
DESCRIPTION:Dudley Baker’s review of items of interest\, warrants\, mining\, and potential great opportunities. This is part of the Gold Members Subscription. Please follow the link below.
URL:https://commonstockwarrants.com/event/a-look-over-my-shoulder-dudleys-portfolio/
CATEGORIES:Dudley's Portfolio
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Denver:20210331T080000
DTEND;TZID=America/Denver:20210331T080000
DTSTAMP:20260418T051255
CREATED:20210331T134434Z
LAST-MODIFIED:20210331T134436Z
UID:690425-1617177600-1617177600@commonstockwarrants.com
SUMMARY:SPAC DAILY UPDATE
DESCRIPTION:LATN business combination with ProcapsARKEU filed S-1 for 300 million IPOCHAB.U filed S-1 for 250 million IPOCRSA filed PRER14A for LiveVox deal\, no meeting date setTSIA filed S-4/A for Latch deal\, no meeting date setSBG filed S-4 for Owlet deal\, no meeting date setFRX filed S-4/A for Beachbody deal\, no meeting date setBFT / Paysafe closed\, trading as PSFECGRO deal voteKURIU split
URL:https://commonstockwarrants.com/event/spac-daily-update-3/
CATEGORIES:Daily Updates
ATTACH;FMTTYPE=image/jpeg:https://commonstockwarrants.com/wp-content/uploads/2020/09/88214333_10219699380052621_7328582282908794880_o.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Denver:20210331T070000
DTEND;TZID=America/Denver:20210331T080000
DTSTAMP:20260418T051255
CREATED:20210330T024623Z
LAST-MODIFIED:20210331T134811Z
UID:689099-1617174000-1617177600@commonstockwarrants.com
SUMMARY:Morning Coffee
DESCRIPTION:Pre-Market Review of the SPAC Warrant Index and Market conditions for the day. General Commentary while drinking coffee. \nHosted by: Jeff Baker
URL:https://commonstockwarrants.com/event/morning-coffee/
LOCATION:Common Stock Warrants\, United States
CATEGORIES:Morning Coffee
ATTACH;FMTTYPE=image/jpeg:https://commonstockwarrants.com/wp-content/uploads/2020/12/backgroundSubsNews.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210330T080000
DTEND;TZID=America/New_York:20210330T080000
DTSTAMP:20260418T051255
CREATED:20210330T164000Z
LAST-MODIFIED:20210331T050440Z
UID:690402-1617091200-1617091200@commonstockwarrants.com
SUMMARY:SPAC DAILY UPDATE
DESCRIPTION:Great Summation from Julian Klymochko with Accelerate via Twitter \n\n\n\nARB.to trades ex-distributionQELL business combination with Lilium Air Mobility https://lilium.com/TWOA 200 million IPOAPGC.U filed S-1 for 400 million IPOBTVC filed S-1 for 300 million IPOWAVCU filed S-1 for 300 million IPOLCW.U filed S-1 for 250 million IPOSTPK filed 424b3 for Stem deal\, vote Apr 27DMYI filed S-4 for IonQ deal\, no meeting date setDGNR filed S-4 for CCC deal\, no meeting date setCPTK.U split
URL:https://commonstockwarrants.com/event/spac-daily-update/
CATEGORIES:Daily Updates
ATTACH;FMTTYPE=image/jpeg:https://commonstockwarrants.com/wp-content/uploads/2020/09/88988132_10219699380452631_6601931244433309696_o.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Denver:20210329T170000
DTEND;TZID=America/Denver:20210329T170000
DTSTAMP:20260418T051255
CREATED:20210326T025700Z
LAST-MODIFIED:20210331T030658Z
UID:690370-1617037200-1617037200@commonstockwarrants.com
SUMMARY:(NYSE: DM\, DM.WS) Desktop Metals warrant redemption ends
DESCRIPTION:BOSTON–(BUSINESS WIRE)–Desktop Metal\, Inc. (NYSE: DM)\, (“Desktop Metal” or “the Company”)\, a leader in mass production and turnkey additive manufacturing solutions\, today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s Class A common stock\, par value $0.0001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated March 14\, 2019 (the “Warrant Agreement”)\, by and between the Company and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, as part of the units sold in the Company’s initial public offering (the “IPO”) and that remain outstanding at 5:00 p.m. New York City time on March 29\, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO and that are still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, Desktop Metal is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nThe Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants\, at the exercise price of $11.50 per share. Any Public Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nRic Fulop\, Desktop Metal’s CEO and co-founder\, said\, “We are pleased to streamline our capital structure following the close of our business combination and enhance our cash position by eliminating the Public Warrants. More than 75 percent of our public warrants have been exercised to date\, bolstering our cash balance and providing us with significant financial flexibility to invest in both organic growth initiatives and pursue inorganic business opportunities in line with our strategy to own printers\, parts\, and materials that address Additive Manufacturing 2.0 applications across an array of verticals.” \n\n\n\nNone of the Company\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-251653). The SEC maintains an Internet website that contains a copy of this prospectus. The address of that site is www.sec.gov. Alternatively\, a copy of the prospectus from the Desktop Metal investor relations website may be obtained at https://ir.desktopmetal.com. \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Desktop Metal\, Inc. \n\n\n\nDesktop Metal\, Inc.\, based in Burlington\, Massachusetts\, is accelerating the transformation of manufacturing with end-to-end 3D printing solutions. Founded in 2015 by leaders in advanced manufacturing\, metallurgy\, and robotics\, the company is addressing the unmet challenges of speed\, cost\, and quality to make 3D printing an essential tool for engineers and manufacturers around the world. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum; named to MIT Technology Review’s list of 50 Smartest Companies; and recognized among the most important innovations in engineering in Popular Science’s “Best of What’s New.” For more information\, visit www.desktopmetal.com. \n\n\n\nForward Looking Statements \n\n\n\nThis press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statement generally are identified by the words “believe\,” “project\,” “expect\,” “anticipate\,” “estimate\,” “intend\,” “strategy\,” “future\,” “opportunity\,” “plan\,” “may\,” “should\,” “will\,” “would\,” “will be\,” “will continue\,” “will likely result\,” and similar expressions. Forward-looking statements are predictions\, projections and other statements about future events that are based on current expectations and assumptions and\, as a result\, are subject to risks\, uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document\, including but not limited to the risks and uncertainties set forth in the Company’s filings with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements\, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements\, whether as a result of new information\, future events\, or otherwise. The Company does not give any assurance that it will achieve its expectations. \n\n\n\n\n\n\n\nContacts\n\n\n\nPressLynda McKinney\, 978-224-1282Lyndamckinney@desktopmetal.com
URL:https://commonstockwarrants.com/event/nyse-dm-dm-ws-desktop-metals-warrant-redemption-ends/
CATEGORIES:Warrant Redemptions
ATTACH;FMTTYPE=image/png:https://commonstockwarrants.com/wp-content/uploads/2021/03/DM_logo.png
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210329T080000
DTEND;TZID=America/New_York:20210329T080000
DTSTAMP:20260418T051255
CREATED:20210329T140300Z
LAST-MODIFIED:20210331T051240Z
UID:690409-1617004800-1617004800@commonstockwarrants.com
SUMMARY:SPAC DAILY UPDATE
DESCRIPTION:Great Summation from Julian Klymochko with @AccelerateFT via Twitter \n\n\n\nAJAX business combination with CazooCMIIU business combination with SomaLogicCRUB.U filed S-1 for 350 million IPOCRUA.U filed S-1 for 200 million IPOSACQ.U filed S-1 for 250 million IPOCNDA.U filed S-1 for 250 million IPOCNDB.U filed S-1 for 250 million IPOISAP.U filed S-1 for 200 million IPOPBRM.U filed S-1 for 125 million IPODMYD filed DEFM14A for Genius Sports deal\, vote Apr 16ALAC filed DEF14A to extend deadline to Oct 26\, vote Apr 23ARYA filed S-4 for Nautilus deal\, no meeting date setVGAC filed S-4 for 23andme deal\, no meeting date setACAC filed S-4/A for Playstudios deal\, no meeting date setSTIC filed S-4/A for Barkbox deal\, no meeting date setFTIV filed PRER14A for Perella Weinberg deal\, no meeting date setGXGX filed PRER14A to extend deadline to Jun 30\, no meeting date setJOFFU splitISLEU splitSDACU splitHHLA.U splitRMGCU splitDCRNU splitACII.U splitCPUH.U split
URL:https://commonstockwarrants.com/event/spac-daily-update-2/
CATEGORIES:Daily Updates
ATTACH;FMTTYPE=image/jpeg:https://commonstockwarrants.com/wp-content/uploads/2020/09/88988132_10219699380452631_6601931244433309696_o.jpg
END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210326T170000
DTEND;TZID=America/New_York:20210326T170000
DTSTAMP:20260418T051255
CREATED:20210322T031000Z
LAST-MODIFIED:20210331T032250Z
UID:690378-1616778000-1616778000@commonstockwarrants.com
SUMMARY:(NASDAQ: EQOS\, EQOSW) Diginex CLOSING Warrant Redemption (END)
DESCRIPTION:SINGAPORE\, Feb. 24\, 2021 /PRNewswire/ — Diginex Limited (Nasdaq: EQOS) (“Diginex” or the “Company”)\, a digital assets financial services company\, today announced that it will redeem all of its outstanding public warrants (“Public Warrants”). \n\n\n\nThe Public Warrant proceeds will be used to drive Diginex’s growing product line and the ongoing investment into its digital asset ecosystem\, whilst accelerating its expansion plans.   \n\n\n\nThere are currently 5.3 million Public Warrants outstanding while 0.9 million\, or 15%\, of the warrants have already been exercised to date. Each Public Warrant entitles the holder thereof to purchase one-half of one ordinary share at a cash price of $5.75 per Public Warrant exercised (or one share of the Company for a cash price of $11.50\, per two Public Warrants exercised) \n\n\n\nThe upcoming product launches include: \n\n\n\nIntegrating borrowing and lending capabilities into its leading digital asset custodian Digivault and cryptocurrency exchange EQUOS;Increasing the derivative product set to include options and dated futures\, as well a wider range of coins\, and twelve additional fiat currencies\, that will be made available to customers who trade on EQUOS; andLaunching the EQUOS Investment Products business\, which will include cryptocurrency based structured products and listed investment products.\n\n\n\nRichard Byworth\, CEO of Diginex\, said\, “With the exercise of our Public Warrants\, our balance sheet will be stronger allowing us to be even more aggressive with our expansion plans. \n\n\n\nWith the current momentum we are seeing in crypto assets\, wider corporate interest and increasing retail participation\, it is important to be moving as fast as we can. This is a race\, and we are focused on winning it.” \n\n\n\nDiginex brings together a cryptocurrency exchange\, trading solutions\, custody\, borrowing & lending\, asset management and capital markets capabilities\, and has been listed on Nasdaq since October 2020. \n\n\n\nSince listing\, the Company has achieved a number of key milestones\, including: \n\n\n\nthe January 2021 launch of its Bitcoin Perpetual Futures contract on EQUOS has already seen volumes as high as $25 million in a single day;a partnership with one of the world’s leading crypto and crypto derivative liquidity providers\, GSR\, which will become a strategic shareholder as part of the terms of the partnership;the launch of Access\, a multi-venue trading platform\, in collaboration with leading technology provider Itiviti\, offering the first full suite of Portfolio Management\, Order Management and Execution Management systems with a crypto product for institutional investors; andan estimated net 35% 12-month rolling performance for its market neutral crypto fund of Hedge Funds.\n\n\n\nRedemption of Public Warrants \n\n\n\nDiginex will redeem all of its outstanding public warrants to purchase shares of the Company’s ordinary shares\, no par value (the “Ordinary Shares”)\, that were issued under the Warrant Agreement\, dated March 27\, 2019\, by and between the Company’s predecessor company 8i Enterprises Acquisition Corp\, a British Virgin Islands company (“8i”)\, and VStock Transfer\, LLC\, as warrant agent and supplemented by the Supplemental Warrant Agreement\, dated September 30\, 2020\, by and between the Company and VStock Transfer\, LLC (the “Warrant Agreement”)\, as part of the units sold in 8i’s initial public offering (“IPO”) and also issued to holders of certain 8i promissory notes converted into warrants in connection with the Company’s business combination\, each for a redemption price of $0.01 per Public Warrant (the “Redemption Price”)\, for Public Warrants that remain outstanding at 5:00 p.m. New York City time on March 26\, 2021 (the “Redemption Date”). \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Ordinary Shares is at least $16.50 per share for any 20 trading days within a 30-day trading period. This share price performance target was achieved as of February 19\, 2021. \n\n\n\nAt the direction of the Company\, VStock Transfer LLC\, in its capacity as warrant agent\, has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nAll such Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of ordinary shares underlying such warrants\, at the exercise price of $11.50 per share. Any Public Warrants that remain unexercised following 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nThe shares of Ordinary Shares stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-249858). \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to VStock Transfer LLC\, 18 Lafayette Place\, Woodmere\, New York 11598\, telephone number (212) 828-8436.For a copy of the notice of redemption sent to the holders of our Public Warrants and a prospectus relating to the shares of Ordinary Shares issuable upon exercise of the Public Warrants\, please visit our investor relations website at ir.diginex.com/. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Diginex’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nForward-Looking Statements \n\n\n\nThis press release includes forward looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. For example\, forward looking statements in this press release relate the completion of the private placement\, the satisfaction of customary closing conditions related to the private placement and the intended use of net proceeds from the private placement. Such forward-looking statements are subject to risks and uncertainties\, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Diginex’s control and are difficult to predict. Factors that may cause such differences include\, but are not limited to: the ability to recognize the anticipated benefits of the business combination; the ability of Diginex to grow and manage growth profitably; Diginex’s limited operating history and history of net losses; Diginex’s ability to execute its business plan; the inability to maintain the listing of Diginex’s shares on Nasdaq; Diginex’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Diginex’s products; Diginex’s ability to identify and integrate acquisitions; potential litigation involving Diginex or the validity or enforceability of Diginex’s intellectual property; general economic and market conditions impacting demand for Diginex’s products and services; and such other risks and uncertainties indicated in Diginex’s Shell Company Report on Form 20-F\, including those under “Risk Factors” therein\, and in Diginex’s other filings with the SEC\, which are available on the SEC’s website at www.sec.gov. \n\n\n\nIn addition\, any forward-looking statements contained in this press release are based on assumptions that Diginex believes to be reasonable as of this date. Diginex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events\, except as required by law. \n\n\n\nContact Information \n\n\n\nPress Contact:Heather Daleheather.dale@diginex.com \n\n\n\nInvestor Relations Contacts:Ross Dunwoody or Christian Arnellir@diginex.com \n\n\n\nGateway Investor Relations:Matt Glover or Charlie SchumacherDiginex@gatewayir.com \n\n\n\nAbout Diginex Corporation \n\n\n\nDiginex is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem offering innovative product and services that are compliant\, fair and trusted. The group encompasses cryptocurrency exchange EQUOS.io as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform\, Diginex Access\, a securitization advisory service\, Diginex Capital\, market leading hot and cold custodian Digivault and funds business Bletchley Park Asset Management. \n\n\n\nFor more information visit: https://www.diginex.com/ \n\n\n\nFollow Diginex on social media on Twitter @DiginexGlobal\, on Facebook @DiginexGlobal\, and on LinkedIn. \n\n\n\nFollow EQUOS.io on social media on Twitter @EQUOS_io and on LinkedIn. \n\n\n\nSOURCE Diginex Limited
URL:https://commonstockwarrants.com/event/nasdaq-eqos-eqosw-diginex-closing-warrant-redemption-end/
CATEGORIES:Warrant Redemptions
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DTSTART;TZID=America/New_York:20210324T170000
DTEND;TZID=America/New_York:20210324T170000
DTSTAMP:20260418T051255
CREATED:20210318T040400Z
LAST-MODIFIED:20210331T041738Z
UID:690393-1616605200-1616605200@commonstockwarrants.com
SUMMARY:Rush Street Interactive (NYSE: RSI\,RSI.WS) CLOSING Warrant Redemption (END)
DESCRIPTION:CHICAGO–(BUSINESS WIRE)–Rush Street Interactive\, Inc. (NYSE: RSI) (“RSI”)\, one of the fastest-growing online casino and sports betting gaming companies in the United States\, today announced that it will redeem all of its outstanding publicly held warrants (the “Public Warrants”). Holders of the Public Warrants have until 5:00 p.m. Eastern Standard Time (EST) on March 24\, 2021 to exercise their Public Warrants to purchase shares of Class A common stock underlying such warrants\, at an exercise price of $11.50 per share. \n\n\n\nThe Public Warrants are exercisable for an aggregate of approximately 11.5 million shares of Class A common stock\, which reflects the total number of outstanding Public Warrants as of February 19\, 2021\, at a price of $11.50 per warrant\, representing approximately $132.25 million in total potential cash proceeds to RSI (assuming all the Public Warrants are exercised). \n\n\n\nAny such Public Warrants that remain unexercised following 5:00 p.m. New York City time on March 24\, 2021 will be void and no longer exercisable\, and the holders of those public warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nPublic Warrant Details \n\n\n\nThe Public Warrants to purchase shares of RSI’s Class A common stock were issued under the Warrant Agreement\, dated as of February 20\, 2020 (the “Warrant Agreement”)\, by and among RSI (as successor to dMY Technology Group\, Inc.) and Continental Stock Transfer & Trust Company (“CST”)\, as warrant agent and transfer agent. Warrants that were issued under the Warrant Agreement in one or more private placements and held by the founders of dMY Technology Group\, Inc. are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, RSI is entitled to redeem all of such outstanding public warrants if the reported closing price of RSI’s Class A common stock is at least $18.00 per share on each of twenty trading days within a thirty-trading day period ending on the third business day prior to the date on which RSI gives notice of redemption. \n\n\n\nCST\, in its capacity as warrant agent\, has delivered a notice of redemption to the registered holders of such outstanding public warrants on behalf of RSI. \n\n\n\nAdditional Information \n\n\n\nAt the direction of RSI\, CST\, in its capacity as warrant agent\, has mailed a notice of redemption to each of the registered holders of the outstanding Public Warrants. Holders of Public Warrants in “street name” should immediately contact their broker to determine their broker’s procedure for exercising their Public Warrants because the process to exercise the Public Warrants is voluntary. \n\n\n\nNone of RSI\, its Board of Directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Class A common stock underlying such public warrants have been registered by RSI under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-252810). \n\n\n\nQuestions concerning redemption and exercise of such public warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000 and compliance@continentalstock.com. \n\n\n\nFor a copy of the notice of redemption sent to the holders of such public warrants\, please visit our investor relations website at https://rushstreetinteractive.com/investors/. \n\n\n\nNo Offer of Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy any RSI securities and shall not constitute an offer\, solicitation or sale in any jurisdiction in which such offering\, solicitation or sale would be unlawful. \n\n\n\nAbout RSI \n\n\n\nFounded in 2012 by gaming industry veterans\, RSI is a market leader in online casino and sports betting in the U.S.\, currently operating real-money gaming in nine U.S. states. RSI launched its first online gaming site in New Jersey in September 2016\, and through its BetRivers.com and PlaySugarHouse.com sites\, RSI was the first to launch regulated online gaming in Colorado\, Illinois\, Indiana and Pennsylvania. RSI was named the 2020 Global Gaming Awards Digital Operator of the Year\, and the 2020 EGR North America Awards Casino Operator of the Year and Customer Service Operator of the Year. RSI has been an early mover in Latin America and was the first U.S.-based gaming operator to launch a legal and regulated online casino and sportsbook\, RushBet.co\, in the country of Colombia. For more information\, visit www.rushstreetinteractive.com. \n\n\n\n\n\n\n\nContacts\n\n\n\nMedia Inquiries:Lisa Johnson(609) 788-8548lisa@lisajohnsoncommunications.comorJonathan Gasthalter / Carissa Felger / Nathaniel Garnick(312) 319-9233 / (212) 257-4170rsi@gasthalter.com \n\n\n\nInvestor Inquiries:ir@rushstreetinteractive.com
URL:https://commonstockwarrants.com/event/rush-street-interactive-nyse-rsirsi-ws-closing-warrant-redemption-end/
CATEGORIES:Warrant Redemptions
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DTSTART;TZID=America/New_York:20210323T080000
DTEND;TZID=America/New_York:20210323T170000
DTSTAMP:20260418T051255
CREATED:20210323T151400Z
LAST-MODIFIED:20210331T035520Z
UID:690141-1616486400-1616518800@commonstockwarrants.com
SUMMARY:Porch Group (NASDAQ: PRCH\, PRCHW) Announces Redemption of Stock Warrants (BEGIN)
DESCRIPTION:SEATTLE\, March 23\, 2021 (GLOBE NEWSWIRE) — Porch Group\, Inc. (“Porch” or “the Company”) (NASDAQ: PRCH)\, a leading vertical software company reinventing the home services and insurance industries\, announced that the Company will redeem all of its outstanding publicly held warrants (the “Public Warrants”). Holders of the Public Warrants have until 5:00 p.m. Eastern Daylight Time (EDT) on April 16\, 2021 to exercise their Public Warrants. \n\n\n\nPrior to March 22\, 2021\, holders of 7.1 million warrants voluntarily exercised their warrants resulting in $81.9 million in total cash proceeds to Porch. Additional Public Warrants are exercisable for an aggregate of approximately 1.5 million shares of common stock\, which reflects the Company’s conservative estimate of the total number of outstanding Public Warrants as of March 22\, at a price of $11.50 per share\, representing approximately $17 million in potential incremental cash proceeds to Porch. \n\n\n\nThe Company does not have access to information about private warrants that may have been sold and therefore became Public Warrants. If the Private Warrant holders have sold their warrants or choose to exercise for cash\, then the Company may receive additional proceeds of up to $66 million for a total potential cash inflow of $165 million. \n\n\n\n“This warrant redemption will strengthen our financial position at a low cost while further streamlining our capital structure\,” said Porch Group CEO\, Chairman\, and Founder Matt Ehrlichman. “The warrant exercise will add more than $99 million—and up to $165 million—in cash to our balance sheet\, positioning us well to execute our growth plan\, which includes core business expansion\, entering new home service verticals and potential strategic M&A.” \n\n\n\nPublic Warrant DetailsUnder the terms of the agreement governing the Public Warrants (the “Warrant Agreement”)\, Porch is entitled to redeem all of the outstanding Public Warrants for a redemption price of $0.01 per Public Warrant if the last sales price of the Company’s common stock is at least $18.00 per share on each of twenty (20) trading days within any thirty-day (30) trading period ending on the third trading day prior to the date on which a notice of redemption is given. This performance threshold was achieved following the market close on March 12\, 2021. \n\n\n\nAny Public Warrants that remain unexercised immediately after 5:00 p.m. Eastern Time on April 16\, 2021\, the redemption date\, will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive $0.01 per Public Warrant. \n\n\n\nPrivate Placement Warrants (as defined in the Warrant Agreement) that are held by the founders of PropTech Acquisition Corporation and their Permitted Transferees (as defined in the Warrant Agreement) are not redeemable. \n\n\n\nAdditional InformationAt the direction of the Company\, Continental Stock Transfer and Trust Company\, in its capacity as warrant agent\, has mailed a notice of redemption to each of the registered holders of the outstanding Public Warrants. Holders of Public Warrants in “street name” should immediately contact their broker to determine their broker’s procedure for exercising their Public Warrants since the process to exercise is voluntary. \n\n\n\nNone of Porch Group\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of common stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission. \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or SolicitationThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Porch Group’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Porch GroupSeattle-based Porch Group\, the vertical software platform for the home\, provides software and services to more than 11\,000 home services companies such as home inspectors\, moving companies\, real estate agencies\, utility companies\, and warranty companies. Through these relationships and its multiple brands\, Porch provides a moving concierge service to homebuyers\, helping them save time and make better decisions on critical services\, including insurance\, moving\, security\, TV/internet\, home repair and improvement\, and more. To learn more about Porch\, visit porchgroup.com or porch.com. \n\n\n\nForward-Looking StatementsCertain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Porch’s future financial or operating performance. For example\, projections of future revenue\, Adjusted EBITDA and other metrics\, business strategy and plans\, and anticipated impacts from pending or completed acquisitions\, are forward-looking statements. In some cases\, you can identify forward-looking statements by terminology such as “may\,” “should\,” “expect\,” “intend\,” “will\,” “estimate\,” “anticipate\,” “believe\,” “predict\,” “potential” or “continue\,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks\, uncertainties\, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.   These forward-looking statements are based upon estimates and assumptions that\, while considered reasonable by Porch and its management\, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include\, but are not limited to: (1) the ability to recognize the anticipated benefits of Porch’s December 2020 business combination (the “Merger”) with PropTech Acquisition Corporation (“PropTech”)\, which may be affected by\, among other things\, competition and the ability of the combined company to grow and manage growth profitably\, maintain key commercial relationships and retain its management and key employees; (2) expansion plans and opportunities\, including future and pending acquisitions or additional business combinations; (3) costs related to the Merger and being a public company; (4) litigation\, complaints\, and/or adverse publicity; (5) the impact of changes in consumer spending patterns\, consumer preferences\, local\, regional and national economic conditions\, crime\, weather\, demographic trends and employee availability; (6) privacy and data protection laws\, privacy or data breaches\, or the loss of data; (7) the impact of the COVID-19 pandemic and its effect on the business and financial conditions of Porch; and (8) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Forward-Looking Statements” in the definitive proxy statement/consent solicitation statement/prospectus filed by PropTech (n/k/a Porch) with the Securities and Exchange Commission (the “SEC”) on December 3\, 2020 and other documents of Porch filed\, or to be filed\, with the SEC.   \n\n\n\nNothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements\, which speak only as of the date they are made. Porch does not undertake any duty to update these forward-looking statements\, except as may be required by law. \n\n\n\nInvestor Relations Contact:Gateway Investor RelationsCody Slach\, Matt Glover(949) 574-3860PRCH@gatewayir.com
URL:https://commonstockwarrants.com/event/porch-group-nasdaq-prch-prchw-announces-redemption-of-stock-warrants-begin/
CATEGORIES:Warrant Redemptions
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DTSTART;TZID=America/New_York:20210319T080000
DTEND;TZID=America/New_York:20210319T170000
DTSTAMP:20260418T051255
CREATED:20210319T190700Z
LAST-MODIFIED:20210331T035845Z
UID:690152-1616140800-1616173200@commonstockwarrants.com
SUMMARY:Fisker (NYSE: FSR\, FSR.WS) Announces Cashless Warrant Redemption
DESCRIPTION:LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker” or the “Company”) – designer and manufacturer of the world’s most emotion-stirring\, eco-friendly electric vehicles and advanced mobility solutions – today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s Class A common stock\, par value $0.00001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated Aug. 9\, 2018 (the “Warrant Agreement”)\, by and between the Company (f/k/a Spartan Energy Acquisition Corp.) and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, as part of the units sold in the Company’s initial public offering (the “IPO”)\, for a redemption price of $0.01 per Public Warrant (the “Redemption Price”)\, that remain outstanding at 5:00 p.m. New York City time on April 19\, 2021 (the “Redemption Date”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO are no longer outstanding and are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nIn addition\, in accordance with the Warrant Agreement\, the Company’s board of directors has elected to require that\, upon delivery of the notice of redemption\, all Public Warrants are to be exercised only on a “cashless basis.” Accordingly\, holders may no longer exercise Public Warrants and receive Common Stock in exchange for payment in cash of the $11.50 per warrant exercise price. Instead\, a holder exercising a Public Warrant will be deemed to pay the $11.50 per warrant exercise price by the surrender of 0.5046 of a share of Common Stock (such fraction determined as described below) that such holder would have been entitled to receive upon a cash exercise of a Public Warrant. Accordingly\, by virtue of the cashless exercise of the Public Warrants\, exercising warrant holders will receive 0.4954 of a share of Common Stock for each Public Warrant surrendered for exercise. Any Public Warrants (including Public Warrants that are included in outstanding units) that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be delisted\, void and no longer exercisable\, and the holders will have no rights with respect to those Public Warrants\, except to receive the Redemption Price (or as otherwise described in the redemption notice for holders who hold their Public Warrants in “street name”). \n\n\n\n“We are pleased to take this opportunity to redeem the outstanding public warrants on a cashless basis. As compared to a cash exercise\, this not only limits dilution to our common shareholders\, but we believe it to be simpler and less burdensome to holders of the public warrants\, along with being reflective of our strong balance sheet and confidence in Fisker’s business outlook\,” said Fisker Chairman and Chief Executive Officer\, Henrik Fisker. “This action will streamline our capital structure in a less dilutive way than through a full cash exercise redemption and remove a majority of our warrant overhang.” \n\n\n\nAs of March 18\, 2021\, approximately 7.7 million public warrants had been voluntarily exercised on a cash basis\, generating approximately $89.0 million of cash proceeds to Fisker. Fisker has made the decision to reduce further dilution by electing to limit further warrant exercises on a cashless basis in accordance with the terms of the Warrant Agreement as part of Fisker’s right to redeem the public warrants. By electing to limit exercise of the remaining public warrants to a cashless basis\, including the recent cashless exercise of all 9.36 million private warrants by the company’s former sponsor\, Spartan Energy Acquisition Corporation\, the total dilutive impact to common shareholders will be limited to approximately 3.7% as compared to 7.2% under a cash exercise method. \n\n\n\nThe number of shares of Common Stock that each exercising warrant holder will receive by virtue of the cashless exercise (instead of paying the $11.50 per Public Warrant cash exercise price) was calculated in accordance with the terms of the Warrant Agreement and is equal to the quotient obtained by dividing (x) the product of the number of shares underlying the Public Warrants held by such warrant holder\, multiplied by the difference between $22.79\, the average last sale price of the Common Stock for the ten trading days ending on March 16\, 2021\, the third trading day prior to the date of the redemption notice (the “Fair Market Value”) and $11.50\, by (y) the Fair Market Value. If any holder of Public Warrants would\, after taking into account all of such holder’s Public Warrants exercised at one time\, be entitled to receive a fractional interest in a share of Common Stock\, the number of shares the holder will be entitled to receive will be rounded down to the nearest whole number of shares. \n\n\n\nAt 5:00 p.m. New York City time on the Redemption Date\, the Company’s outstanding units (the “Units”) will be mandatorily separated into their component parts – one share of Common Stock and one-third of one Public Warrant – and the Public Warrants and Units will cease trading. As a result\, at 5:00 p.m. New York City time on the Redemption Date\, each Unit holder’s account\, in lieu of Units\, will reflect ownership of the number of shares of Common Stock underlying such holder’s Units. \n\n\n\nNone of Fisker\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by Fisker under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S‑1/A with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333‑249981). \n\n\n\nExercise of public warrants should be directed through the broker of the warrant holder. In addition to the broker\, questions may also be directed to Morrow Sodali at (800) 662-5200 (for individuals) / (203) 658-9400 (for banks and brokerages) or at FSR.info@investor.morrowsodali.com. Or contact Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Reorganization Department\, Telephone Number (917) 262-2378. \n\n\n\nAdditional information can be found on Fisker’s Investor Relations website: http://investors.fiskerinc.com/resources/warrant-faq/default.aspx \n\n\n\nAbout Fisker Inc. \n\n\n\nCalifornia-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all\, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more\, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook\, Instagram\, Twitter\, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Fisker’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nForward Looking Statements \n\n\n\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe\,” “may\,” “will\,” “estimate\,” “continue\,” “anticipate\,” “intend\,” “expect\,” “should\,” “would\,” “plan\,” “predict\,” “potential\,” “seem\,” “seek\,” “future\,” “outlook\,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include\, but are not limited to\, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions\, whether or not identified in this press release\, and on the current expectations of Fisker’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements\, including but not limited to Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna\, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design\, manufacture\, regulatory approval\, launch and financing of its vehicles; Fisker’s ability to execute its business model\, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Registration Statement on Form S-1 (No. 333-249981) under the heading “Risk Factors\,” filed with the Securities and Exchange Commission (the “SEC”) and other reports and documents Fisker files from time to time with the SEC. If any of these risks materialize or Fisker’s management’s assumptions prove incorrect\, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements\, which speak only as of the date made and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. \n\n\n\n\n\n\n\nContacts\n\n\n\nFisker Inc.Dan Galves\, VP\, Investor Relationsdgalves@fiskerinc.comFiskerIR@icrinc.com \n\n\n\nSimon Sproule\, SVP\, Communications310.374.6177Fisker@GoDRIVEN360.com
URL:https://commonstockwarrants.com/event/fisker-nyse-fsr-fsr-ws-announces-cashless-warrant-redemption/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210311T080000
DTEND;TZID=America/New_York:20210311T170000
DTSTAMP:20260418T051255
CREATED:20210311T204200Z
LAST-MODIFIED:20210331T033613Z
UID:690161-1615449600-1615482000@commonstockwarrants.com
SUMMARY:(NYSE: RMO\, RMO.WS)  Romeo Power ANNOUNCES Warrant redemption (BEGIN)
DESCRIPTION:Romeo Power\, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO)\, an energy technology leader delivering large-scale electrification solutions for complex commercial applications\, announced today that it has extended the period during which its public warrants may be exercised by the holders of such warrants to 5:00 p.m. New York City time on April 5\, 2021. \n\n\n\nOn February 16\, 2021\, the Company announced it would redeem all of the outstanding public warrants to purchase shares of its common stock\, $0.0001 par value per share (“Common Stock”)\, that were issued under the Warrant Agreement\, dated February 7\, 2019 (the “Warrant Agreement”)\, by and between Romeo Power (formerly known as RMG Acquisition Corp.) and American Stock Transfer & Trust Company\, LLC\, as warrant agent\, and that remain outstanding following the redemption date\, for a redemption price of $0.01 per warrant. Warrants that were issued under the Warrant Agreement in a private placement and are still held by the initial holders thereof or their permitted transferees are not subject to the redemption. \n\n\n\nAll such public warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on April 5\, 2021 to purchase fully paid and non-assessable shares of Common Stock underlying such warrants\, at the exercise price of $11.50 per share. Any such public warrants that remain unexercised following 5:00 p.m. New York City time on April 5\, 2021 will be void and no longer exercisable\, and the holders of those public warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nNone of Romeo Power\, its board of directors or employees has made or is making any representation or recommendation to any holder of the public warrants as to whether to exercise or refrain from exercising any public warrants. \n\n\n\nThe shares of Common Stock issuable upon exercise of the public warrants have been registered by Romeo Power under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No.333-252190). \n\n\n\nQuestions concerning redemption and exercise of the public warrants can be directed to American Stock Transfer & Trust Company\, LLC\, 6201 15th Avenue\, Brooklyn\, NY 11219\, Email: reorgwarrants@astfinancial.com. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Romeo Power’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Romeo Power\, Inc. \n\n\n\nFounded in 2016 and headquartered in Los Angeles\, California\, Romeo Power (NYSE: RMO) is an energy technology leader delivering large-scale electrification solutions for complex commercial applications. The Company’s suite of advanced hardware\, combined with its innovative battery management system\, delivers the safety\, performance\, reliability and configurability its customers need to succeed. Romeo Power’s 113\,000 square-foot manufacturing facility brings its flexible design and development process in-house to pack the most energy dense modules on the market. To keep up with everything Romeo Power\, please follow the Company on social @romeopowerinc or visit https://romeopower.com. \n\n\n\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210311005487/en/ \n\n\n\nContacts \n\n\n\nRomeo PowerFor InvestorsICR\, Inc.RomeoPowerIR@icrinc.comFor MediaICR\, Inc.RomeoPowerPR@icrinc.com
URL:https://commonstockwarrants.com/event/nyse-rmo-rmo-ws-romeo-power-announces-warrant-redemption-begin/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210309T080000
DTEND;TZID=America/New_York:20210309T170000
DTSTAMP:20260418T051255
CREATED:20210310T033900Z
LAST-MODIFIED:20210331T025444Z
UID:690362-1615276800-1615309200@commonstockwarrants.com
SUMMARY:iSUN (NASDAQ: ISUN\, ISUNW) Announces Redemption of Stock Warrants (BEGIN)
DESCRIPTION:iSun\, Inc. (NASDAQ: ISUN) (“iSun” or the “Company”) a leading solar energy and clean mobility infrastructure innovator with 50 years of construction expertise for solar\, electrical and data services\, today announced that the Company will redeem all of its outstanding public warrants (the “Public Warrants”) to purchase shares of the Company’s Common Stock\, par value $0.0001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated March 2\, 2016\, as amended (the “Warrant Agreement”)\, by and between the Company (formerly Jensyn Acquisition Corporation and formerly The Peck Company Holdings\, Inc. ) and Continental Stock Transfer & Trust Company\, as Warrant Agent (the “Warrant Agent”)\, as part of the Units sold in the Company’s initial public offering (the “IPO”) and that remain outstanding at 6:30 p.m. New York City time on April 12\, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO and that are still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nEach Public Warrant entitles the holder thereof to purchase one-half of one share of Common Stock for a purchase price of $5.75 per half share\, subject to adjustment. Any Public Warrants that remain unexercised at 6:30 p.m. New York City time on the Redemption Date will be void and no longer exercisable and their holders will have no rights with respect to those Public Warrants\, except to receive the Redemption Price or as otherwise described in this notice for holders who hold their Public Warrants in “street name.” The Company hereby informs you of its intention to irrevocably deposit with the Warrant Agent cash sufficient to pay the redemption price for all outstanding Public Warrants no later than one day prior to the Redemption Date. \n\n\n\nOf the 4\,194\,500 Public Warrants outstanding from our combination with Jensyn Acquisition Corporation in June 2019 and that are available to exercise\, 2\,629\,120 or 63% have been exercised to date and 1\,565\,380 or 37% remaining outstanding. \n\n\n\n“The redemption of our warrants marks another critical step in the evolution of iSun as we work to further streamline our capital structure and enhance our cash position\,” said Jeffrey Peck\, iSun’s Chief Executive Officer. “With 63% of the public warrants having been exercised to date\, the anticipated additional exercises will provide iSun with increased cash on the balance sheet to invest in both organic growth initiatives and to pursue M&A and investment opportunities in-line with our strategy to be an integrated provider of renewable energy as a service.” \n\n\n\nNone of the Company\, its Board of Directors or officers has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a Registration Statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-208159). The SEC maintains an Internet website that contains a copy of this Registration Statement and Prospectus filed in connection therewith. The address of that site is www.sec.gov. Alternatively\, a copy of the Prospectus from the iSun investor relations website may be obtained at https://investors.isunenergy.com. \n\n\n\nQuestions concerning exercise of redemption of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout iSun\, Inc. \n\n\n\nHeadquartered in Williston\, VT\, iSun\, Inc. (NASDAQ: ISUN) is a business rooted in values of integrity and diversity that align people\, innovation and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the United States\, iSun provides solar energy and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging\, up to multi-megawatt renewable energy solutions. iSun’s innovations were recognized this year by the Solar Impulse Foundation of Bertrand Piccard as one the globe’s Top 1000 Sustainability Solutions. As a winner\, this award will result in the iSun solution being presented to hundreds of government entities around the world\, including various municipal\, state and federal agencies in the United States. Since entering the renewable energy market in 2012\, iSun has installed over 200 megawatts of rooftop\, ground mount and EV carport solar systems (equal to power required for 38\,000 homes). We continue to focus on profitable growth opportunities. For more information\, visit www.isunenergy.com \n\n\n\nForward Looking Statements \n\n\n\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include\, but are not limited to\, statements about (i) iSun’s plans\, objectives\, expectations and intentions and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects” “anticipates\,” “intends\,” “plans\,” “believes\,” “seeks\,” “estimates\,” “targets\,” “projects\,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business\, economic and competitive uncertainties and contingencies\, many of which are beyond the control of iSun. In addition\, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties. \n\n\n\n\n\n\n\nContacts\n\n\n\nInvestor Relations Contact:Chase JacobsonIR@isunenergy.com802-264-2040
URL:https://commonstockwarrants.com/event/isun-nasdaq-isun-isunw-announces-redemption-of-stock-warrants-begin/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/Denver:20210305T170000
DTEND;TZID=America/Denver:20210305T170000
DTSTAMP:20260418T051255
CREATED:20210301T044400Z
LAST-MODIFIED:20210331T035329Z
UID:690385-1614963600-1614963600@commonstockwarrants.com
SUMMARY:Luminar (Nasdaq: LAZR; LAZRW) CLOSING Warrant Redemption (END)
DESCRIPTION:ORLANDO\, Fla.–(BUSINESS WIRE)–Luminar Technologies\, Inc. (Nasdaq: LAZR; LAZRW) (“Luminar” or the “Company”)\, the global leader in automotive lidar hardware and software technology\, today announced that holders of its 13\,333\,309 outstanding public warrants (the “Public Warrants”) to purchase shares of its Class A common stock\, $0.0001 par value per share (the “Class A Common Stock”) will have until 5:00 p.m.\, New York City time\, on March 5\, 2021 to exercise their Public Warrants. The Public Warrants are exercisable for an aggregate of 13\,333\,309 shares of Class A Common Stock at a price of $11.50 per share\, representing a total of approximately $153.3 million in potential proceeds to Luminar. Pursuant to the terms of the agreements governing the rights of the holders of the Public Warrants\, Luminar is entitled to redeem all of the outstanding Public Warrants for a redemption price of $0.01 per Public Warrant (the “Redemption Price”) if the last sales price of the Class A Common Stock is at least $18.00 per share on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. Any Public Warrants that remain unexercised immediately after 5:00 p.m.\, New York City time\, on March 5\, 2021 will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive $0.01 per Public Warrant. Holders of Public Warrants in “street name” should immediately contact their broker to determine their broker’s procedure for exercising their Public Warrants since the process to exercise is voluntary. \n\n\n\nThe Public Warrants were issued under the Warrant Agreement\, dated as of January 31\, 2019 (the “Warrant Agreement”)\, by and between the Company (f/k/a Gores Metropoulos\, Inc.) and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”). Warrants to purchase Class A Common Stock that were issued under the Warrant Agreement in a private placement and still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nNone of Luminar\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Class A Common Stock underlying the Public Warrants have been registered by Luminar under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S‑1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333‑251657). \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Luminar’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Luminar Technologies\, Inc. \n\n\n\nLuminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance\, safety\, and economic requirements. Luminar has rapidly gained over 50 industry partners\, including 7 of the top 10 global automotive OEMs. Earlier this year\, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars\, while also recently striking deals with Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer\, Daimler Truck AG\, and Volvo Cars\, a global leader in automotive safety\, to accelerate the introduction of autonomous trucks and cars at highway speed. Founded in 2012\, Luminar is a 350-person team with offices in Palo Alto\, Orlando\, Colorado Springs\, Detroit\, and Munich. For more information please visit www.luminartech.com. \n\n\n\nForward Looking Statements \n\n\n\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe\,” “may\,” “will\,” “estimate\,” “continue\,” “anticipate\,” “intend\,” “expect\,” “should\,” “would\,” “plan\,” “predict\,” “potential\,” “seem\,” “seek\,” “future\,” “outlook\,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include\, but are not limited to\, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions\, whether or not identified in this press release\, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements\, including but not limited to Luminar’s limited operating history; Luminar’s inability to reduce and control the cost of the inputs on which Luminar relies; Luminar’s ability to transition to an outsourced manufacturing business model; the success of Luminar’s customers in developing and commercializing products using Luminar’s solutions; Luminar’s ability to protect its intellectual property rights; whether Luminar’s lidar products are selected for inclusion in autonomous driving or ADAS systems by automotive OEMs or their suppliers; changes in personnel and availability of qualified personnel; the amount and timing of future sales; whether the complexity of Luminar’s products results in undetected defects and reliability issues which could reduce market adoption of its new products\, damage its reputation and expose Luminar to product liability and other claims; strict government regulation that is subject to amendment\, repeal or new interpretation and Luminar’s ability to comply with modified or new laws and regulations applying to its business; general economic uncertainty and the effect of general economic conditions on Luminar’s industry in particular\, including the level of demand and financial performance of the autonomous vehicle industry and market adoption of lidar; the effects of the ongoing coronavirus (COVID-19) pandemic or other infectious diseases\, health epidemics\, pandemics and natural disasters on Luminar’s business; and the other risks discussed under the heading “Risk Factors” in the registration statement on Form S-1 filed by Luminar on December 23\, 2020 and amendments thereto and other documents Luminar files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect\, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements\, which speak only as of the date made and Luminar undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. \n\n\n\n\n\n\n\nContacts\n\n\n\nMediaNicole Phelanpress@luminartech.comInvestorsMichael Beermichaelbeer@luminartech.com
URL:https://commonstockwarrants.com/event/luminar-nasdaq-lazr-lazrw-closing-warrant-redemption-end/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210226T080000
DTEND;TZID=America/New_York:20210226T170000
DTSTAMP:20260418T051255
CREATED:20210227T035700Z
LAST-MODIFIED:20210331T030748Z
UID:690369-1614326400-1614358800@commonstockwarrants.com
SUMMARY:(NYSE: DM\, DM.WS) Desktop Metals ANNOUNCES warrant redemption (BEGIN)
DESCRIPTION:BOSTON–(BUSINESS WIRE)–Desktop Metal\, Inc. (NYSE: DM)\, (“Desktop Metal” or “the Company”)\, a leader in mass production and turnkey additive manufacturing solutions\, today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s Class A common stock\, par value $0.0001 per share (the “Common Stock”)\, that were issued under the Warrant Agreement\, dated March 14\, 2019 (the “Warrant Agreement”)\, by and between the Company and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”)\, as part of the units sold in the Company’s initial public offering (the “IPO”) and that remain outstanding at 5:00 p.m. New York City time on March 29\, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO and that are still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nUnder the terms of the Warrant Agreement\, Desktop Metal is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. At the direction of the Company\, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nThe Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants\, at the exercise price of $11.50 per share. Any Public Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nRic Fulop\, Desktop Metal’s CEO and co-founder\, said\, “We are pleased to streamline our capital structure following the close of our business combination and enhance our cash position by eliminating the Public Warrants. More than 75 percent of our public warrants have been exercised to date\, bolstering our cash balance and providing us with significant financial flexibility to invest in both organic growth initiatives and pursue inorganic business opportunities in line with our strategy to own printers\, parts\, and materials that address Additive Manufacturing 2.0 applications across an array of verticals.” \n\n\n\nNone of the Company\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Common Stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S-1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-251653). The SEC maintains an Internet website that contains a copy of this prospectus. The address of that site is www.sec.gov. Alternatively\, a copy of the prospectus from the Desktop Metal investor relations website may be obtained at https://ir.desktopmetal.com. \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Desktop Metal\, Inc. \n\n\n\nDesktop Metal\, Inc.\, based in Burlington\, Massachusetts\, is accelerating the transformation of manufacturing with end-to-end 3D printing solutions. Founded in 2015 by leaders in advanced manufacturing\, metallurgy\, and robotics\, the company is addressing the unmet challenges of speed\, cost\, and quality to make 3D printing an essential tool for engineers and manufacturers around the world. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum; named to MIT Technology Review’s list of 50 Smartest Companies; and recognized among the most important innovations in engineering in Popular Science’s “Best of What’s New.” For more information\, visit www.desktopmetal.com. \n\n\n\nForward Looking Statements \n\n\n\nThis press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statement generally are identified by the words “believe\,” “project\,” “expect\,” “anticipate\,” “estimate\,” “intend\,” “strategy\,” “future\,” “opportunity\,” “plan\,” “may\,” “should\,” “will\,” “would\,” “will be\,” “will continue\,” “will likely result\,” and similar expressions. Forward-looking statements are predictions\, projections and other statements about future events that are based on current expectations and assumptions and\, as a result\, are subject to risks\, uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document\, including but not limited to the risks and uncertainties set forth in the Company’s filings with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements\, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements\, whether as a result of new information\, future events\, or otherwise. The Company does not give any assurance that it will achieve its expectations. \n\n\n\n\n\n\n\nContacts\n\n\n\nPressLynda McKinney\, 978-224-1282Lyndamckinney@desktopmetal.com
URL:https://commonstockwarrants.com/event/nyse-dm-dm-ws-desktop-metals-announces-warrant-redemption-begin/
CATEGORIES:Warrant Redemptions
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END:VEVENT
BEGIN:VEVENT
DTSTART;TZID=America/New_York:20210224T080000
DTEND;TZID=America/New_York:20210224T170000
DTSTAMP:20260418T051255
CREATED:20210225T041000Z
LAST-MODIFIED:20210331T032052Z
UID:690377-1614153600-1614186000@commonstockwarrants.com
SUMMARY:(NASDAQ: EQOS\, EQOSW) Diginex Announces Warrant Redemption (BEGIN)
DESCRIPTION:SINGAPORE\, Feb. 24\, 2021 /PRNewswire/ — Diginex Limited (Nasdaq: EQOS) (“Diginex” or the “Company”)\, a digital assets financial services company\, today announced that it will redeem all of its outstanding public warrants (“Public Warrants”). \n\n\n\nThe Public Warrant proceeds will be used to drive Diginex’s growing product line and the ongoing investment into its digital asset ecosystem\, whilst accelerating its expansion plans.   \n\n\n\nThere are currently 5.3 million Public Warrants outstanding while 0.9 million\, or 15%\, of the warrants have already been exercised to date. Each Public Warrant entitles the holder thereof to purchase one-half of one ordinary share at a cash price of $5.75 per Public Warrant exercised (or one share of the Company for a cash price of $11.50\, per two Public Warrants exercised) \n\n\n\nThe upcoming product launches include: \n\n\n\nIntegrating borrowing and lending capabilities into its leading digital asset custodian Digivault and cryptocurrency exchange EQUOS;Increasing the derivative product set to include options and dated futures\, as well a wider range of coins\, and twelve additional fiat currencies\, that will be made available to customers who trade on EQUOS; andLaunching the EQUOS Investment Products business\, which will include cryptocurrency based structured products and listed investment products.\n\n\n\nRichard Byworth\, CEO of Diginex\, said\, “With the exercise of our Public Warrants\, our balance sheet will be stronger allowing us to be even more aggressive with our expansion plans. \n\n\n\nWith the current momentum we are seeing in crypto assets\, wider corporate interest and increasing retail participation\, it is important to be moving as fast as we can. This is a race\, and we are focused on winning it.” \n\n\n\nDiginex brings together a cryptocurrency exchange\, trading solutions\, custody\, borrowing & lending\, asset management and capital markets capabilities\, and has been listed on Nasdaq since October 2020. \n\n\n\nSince listing\, the Company has achieved a number of key milestones\, including: \n\n\n\nthe January 2021 launch of its Bitcoin Perpetual Futures contract on EQUOS has already seen volumes as high as $25 million in a single day;a partnership with one of the world’s leading crypto and crypto derivative liquidity providers\, GSR\, which will become a strategic shareholder as part of the terms of the partnership;the launch of Access\, a multi-venue trading platform\, in collaboration with leading technology provider Itiviti\, offering the first full suite of Portfolio Management\, Order Management and Execution Management systems with a crypto product for institutional investors; andan estimated net 35% 12-month rolling performance for its market neutral crypto fund of Hedge Funds.\n\n\n\nRedemption of Public Warrants \n\n\n\nDiginex will redeem all of its outstanding public warrants to purchase shares of the Company’s ordinary shares\, no par value (the “Ordinary Shares”)\, that were issued under the Warrant Agreement\, dated March 27\, 2019\, by and between the Company’s predecessor company 8i Enterprises Acquisition Corp\, a British Virgin Islands company (“8i”)\, and VStock Transfer\, LLC\, as warrant agent and supplemented by the Supplemental Warrant Agreement\, dated September 30\, 2020\, by and between the Company and VStock Transfer\, LLC (the “Warrant Agreement”)\, as part of the units sold in 8i’s initial public offering (“IPO”) and also issued to holders of certain 8i promissory notes converted into warrants in connection with the Company’s business combination\, each for a redemption price of $0.01 per Public Warrant (the “Redemption Price”)\, for Public Warrants that remain outstanding at 5:00 p.m. New York City time on March 26\, 2021 (the “Redemption Date”). \n\n\n\nUnder the terms of the Warrant Agreement\, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Ordinary Shares is at least $16.50 per share for any 20 trading days within a 30-day trading period. This share price performance target was achieved as of February 19\, 2021. \n\n\n\nAt the direction of the Company\, VStock Transfer LLC\, in its capacity as warrant agent\, has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. \n\n\n\nAll such Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of ordinary shares underlying such warrants\, at the exercise price of $11.50 per share. Any Public Warrants that remain unexercised following 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. \n\n\n\nThe shares of Ordinary Shares stock underlying the Public Warrants have been registered by the Company under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333-249858). \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to VStock Transfer LLC\, 18 Lafayette Place\, Woodmere\, New York 11598\, telephone number (212) 828-8436.For a copy of the notice of redemption sent to the holders of our Public Warrants and a prospectus relating to the shares of Ordinary Shares issuable upon exercise of the Public Warrants\, please visit our investor relations website at ir.diginex.com/. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Diginex’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nForward-Looking Statements \n\n\n\nThis press release includes forward looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. For example\, forward looking statements in this press release relate the completion of the private placement\, the satisfaction of customary closing conditions related to the private placement and the intended use of net proceeds from the private placement. Such forward-looking statements are subject to risks and uncertainties\, which could cause actual results or outcomes to differ materially from the forward-looking statements. Most of these factors are outside of Diginex’s control and are difficult to predict. Factors that may cause such differences include\, but are not limited to: the ability to recognize the anticipated benefits of the business combination; the ability of Diginex to grow and manage growth profitably; Diginex’s limited operating history and history of net losses; Diginex’s ability to execute its business plan; the inability to maintain the listing of Diginex’s shares on Nasdaq; Diginex’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Diginex’s products; Diginex’s ability to identify and integrate acquisitions; potential litigation involving Diginex or the validity or enforceability of Diginex’s intellectual property; general economic and market conditions impacting demand for Diginex’s products and services; and such other risks and uncertainties indicated in Diginex’s Shell Company Report on Form 20-F\, including those under “Risk Factors” therein\, and in Diginex’s other filings with the SEC\, which are available on the SEC’s website at www.sec.gov. \n\n\n\nIn addition\, any forward-looking statements contained in this press release are based on assumptions that Diginex believes to be reasonable as of this date. Diginex undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events\, except as required by law. \n\n\n\nContact Information \n\n\n\nPress Contact:Heather Daleheather.dale@diginex.com \n\n\n\nInvestor Relations Contacts:Ross Dunwoody or Christian Arnellir@diginex.com \n\n\n\nGateway Investor Relations:Matt Glover or Charlie SchumacherDiginex@gatewayir.com \n\n\n\nAbout Diginex Corporation \n\n\n\nDiginex is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem offering innovative product and services that are compliant\, fair and trusted. The group encompasses cryptocurrency exchange EQUOS.io as well as an over-the-counter trading platform. It also offers a front-to-back integrated trading platform\, Diginex Access\, a securitization advisory service\, Diginex Capital\, market leading hot and cold custodian Digivault and funds business Bletchley Park Asset Management. \n\n\n\nFor more information visit: https://www.diginex.com/ \n\n\n\nFollow Diginex on social media on Twitter @DiginexGlobal\, on Facebook @DiginexGlobal\, and on LinkedIn. \n\n\n\nFollow EQUOS.io on social media on Twitter @EQUOS_io and on LinkedIn. \n\n\n\nSOURCE Diginex Limited
URL:https://commonstockwarrants.com/event/nasdaq-eqos-eqosw-diginex-announces-warrant-redemption-begin/
CATEGORIES:Warrant Redemptions
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LAST-MODIFIED:20210331T035358Z
UID:690384-1614067200-1614099600@commonstockwarrants.com
SUMMARY:Luminar (Nasdaq: LAZR; LAZRW) to Redeem Public Warrants (BEGIN)
DESCRIPTION:ORLANDO\, Fla.–(BUSINESS WIRE)–Luminar Technologies\, Inc. (Nasdaq: LAZR; LAZRW) (“Luminar” or the “Company”)\, the global leader in automotive lidar hardware and software technology\, today announced that holders of its 13\,333\,309 outstanding public warrants (the “Public Warrants”) to purchase shares of its Class A common stock\, $0.0001 par value per share (the “Class A Common Stock”) will have until 5:00 p.m.\, New York City time\, on March 5\, 2021 to exercise their Public Warrants. The Public Warrants are exercisable for an aggregate of 13\,333\,309 shares of Class A Common Stock at a price of $11.50 per share\, representing a total of approximately $153.3 million in potential proceeds to Luminar. Pursuant to the terms of the agreements governing the rights of the holders of the Public Warrants\, Luminar is entitled to redeem all of the outstanding Public Warrants for a redemption price of $0.01 per Public Warrant (the “Redemption Price”) if the last sales price of the Class A Common Stock is at least $18.00 per share on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. Any Public Warrants that remain unexercised immediately after 5:00 p.m.\, New York City time\, on March 5\, 2021 will be void and no longer exercisable\, and the holders of those Public Warrants will be entitled to receive $0.01 per Public Warrant. Holders of Public Warrants in “street name” should immediately contact their broker to determine their broker’s procedure for exercising their Public Warrants since the process to exercise is voluntary. \n\n\n\nThe Public Warrants were issued under the Warrant Agreement\, dated as of January 31\, 2019 (the “Warrant Agreement”)\, by and between the Company (f/k/a Gores Metropoulos\, Inc.) and Continental Stock Transfer & Trust Company\, as warrant agent (the “Warrant Agent”). Warrants to purchase Class A Common Stock that were issued under the Warrant Agreement in a private placement and still held by the initial holders thereof or their permitted transferees are not subject to this redemption. \n\n\n\nNone of Luminar\, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants. \n\n\n\nThe shares of Class A Common Stock underlying the Public Warrants have been registered by Luminar under the Securities Act of 1933\, as amended\, and are covered by a registration statement filed on Form S‑1 with\, and declared effective by\, the Securities and Exchange Commission (Registration No. 333‑251657). \n\n\n\nQuestions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company\, 1 State Street\, 30th Floor\, New York\, New York 10004\, Attention: Compliance Department\, telephone number (212) 509-4000. \n\n\n\nNo Offer or Solicitation \n\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of Luminar’s securities in any jurisdiction in which such offer\, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. \n\n\n\nAbout Luminar Technologies\, Inc. \n\n\n\nLuminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance\, safety\, and economic requirements. Luminar has rapidly gained over 50 industry partners\, including 7 of the top 10 global automotive OEMs. Earlier this year\, Luminar signed the industry’s first production deal for autonomous consumer vehicles with Volvo Cars\, while also recently striking deals with Daimler Truck AG and Intel’s Mobileye. Luminar has also received minority investments from the world’s largest commercial vehicle manufacturer\, Daimler Truck AG\, and Volvo Cars\, a global leader in automotive safety\, to accelerate the introduction of autonomous trucks and cars at highway speed. Founded in 2012\, Luminar is a 350-person team with offices in Palo Alto\, Orlando\, Colorado Springs\, Detroit\, and Munich. For more information please visit www.luminartech.com. \n\n\n\nForward Looking Statements \n\n\n\nCertain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe\,” “may\,” “will\,” “estimate\,” “continue\,” “anticipate\,” “intend\,” “expect\,” “should\,” “would\,” “plan\,” “predict\,” “potential\,” “seem\,” “seek\,” “future\,” “outlook\,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include\, but are not limited to\, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions\, whether or not identified in this press release\, and on the current expectations of Luminar’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements\, including but not limited to Luminar’s limited operating history; Luminar’s inability to reduce and control the cost of the inputs on which Luminar relies; Luminar’s ability to transition to an outsourced manufacturing business model; the success of Luminar’s customers in developing and commercializing products using Luminar’s solutions; Luminar’s ability to protect its intellectual property rights; whether Luminar’s lidar products are selected for inclusion in autonomous driving or ADAS systems by automotive OEMs or their suppliers; changes in personnel and availability of qualified personnel; the amount and timing of future sales; whether the complexity of Luminar’s products results in undetected defects and reliability issues which could reduce market adoption of its new products\, damage its reputation and expose Luminar to product liability and other claims; strict government regulation that is subject to amendment\, repeal or new interpretation and Luminar’s ability to comply with modified or new laws and regulations applying to its business; general economic uncertainty and the effect of general economic conditions on Luminar’s industry in particular\, including the level of demand and financial performance of the autonomous vehicle industry and market adoption of lidar; the effects of the ongoing coronavirus (COVID-19) pandemic or other infectious diseases\, health epidemics\, pandemics and natural disasters on Luminar’s business; and the other risks discussed under the heading “Risk Factors” in the registration statement on Form S-1 filed by Luminar on December 23\, 2020 and amendments thereto and other documents Luminar files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect\, actual results could differ materially from the results implied by these forward-looking statements. You are cautioned not to place undue reliance upon any forward-looking statements\, which speak only as of the date made and Luminar undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release. \n\n\n\n\n\n\n\nContacts\n\n\n\nMediaNicole Phelanpress@luminartech.comInvestorsMichael Beermichaelbeer@luminartech.com
URL:https://commonstockwarrants.com/event/luminar-nasdaq-lazr-lazrw-to-redeem-public-warrants-begin/
CATEGORIES:Warrant Redemptions
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