Fossil Group exchanges 2.5M common shares for pre-funded warrants at $0.01 exercise price

Fossil Group, Inc.

Fossil entered securities exchange agreement: 2,500,000 common shares surrendered for equal number of pre-funded warrants at $0.01/share exercise price.
Company pays $0.01 per surrendered share ($25,000 total); warrants have no expiration and 9.99% beneficial ownership limitation.
Warrants have a 19.99% exercisability cap unless stockholder approval obtained per Nasdaq Rules 5635(b) and 5635(d).
Warrants issued under Section 3(a)(9) and 4(a)(2) exemptions; company to file resale registration statement for warrant shares later.

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