Verra Mobility redeems all public warrants at $0.01; cashless exercise yields ~0.434 shares per warrant

VERRA MOBILITY Corp

Redemption of all outstanding public warrants (VRRMW) at $0.01 per warrant; deadline 5:00 p.m. ET on Sept 18, 2023.
Cashless exercise required: holders receive ~0.434 shares of VRRM common for each warrant, based on $20.31 average stock price.
Trigger condition met: VRRM common closed >= $18 for 20 of 30 trading days through Aug 14. Stock closed at $19.30 on Aug 14.
Any unexercised warrants after deadline become void, holders only get $0.01 per warrant.
Private Placement Warrants not subject to redemption; holders should contact company.

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