Titan International issues 4.03M restricted shares to RDIF equity holders; buyback right until Feb 2022

TITAN INTERNATIONAL INC

Issued 4,032,259 shares of restricted common stock (Titan Restricted Stock) to former holders of RDIF affiliate on December 17, 2021.
Shares issued in private placement relying on Section 4(a)(2) and Rule 506 of Regulation D.
Company retains right to repurchase the shares for $25 million until February 12, 2022.
Original $25 million cash payment and share issuance were part of a February 2019 settlement agreement for a put option exercised by RDIF affiliate.
Regulatory approval for the share issuance was received in November 2021; shares were previously held in abeyance.

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