other material
confidence high
sentiment neutral
materiality 0.35
Roivant sets warrant redemption FMV at $11.35; cashless exercise yields 0.2495 shares per warrant
Roivant Sciences Ltd.
- Redemption Fair Market Value of $11.35 determined for outstanding public and private warrants.
- Warrant holders electing cashless (Make-Whole Exercise) receive ~0.2495 common shares per warrant.
- Redemption date: Sept 1, 2023; unexercised warrants void and receive $0.10 per warrant.
- Public warrants (ROIVW) to cease trading on Nasdaq at 5:00 PM NY time on redemption date.