---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-068507"
form_type: "8-K"
ticker: "OSW"
cik: "0001758488"
company_name: "ONESPAWORLD HOLDINGS Ltd"
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:39:05.861032+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# OneSpaWorld enters warrant exchange to reduce public warrants by 61.4%

## Summary
- Entered exchange agreements with holders of 9,917,150 public warrants; outstanding warrants reduced by 61.4% to 6,228,129.
- Initial exchange ratio of 0.178 common shares per warrant (warrant price $1.912, share price $10.74); max 0.220 after 30-day VWAP.
- Closing expected on April 25, 2023, subject to customary closing conditions.
- TD Cowen served as financial advisor on the transaction.

## SEC filing metadata
- accession: 0001193125-23-068507
- form_type: 8-K
- ticker: OSW
- cik: 0001758488
- company_name: ONESPAWORLD HOLDINGS Ltd
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758488/000119312523068507/0001193125-23-068507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758488/000119312523068507/d481923d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-068507
- JSON: https://secwatch.observer/filing/0001193125-23-068507.json
- Plain text: https://secwatch.observer/filing/0001193125-23-068507.txt

## Key facts
- Material Agreements
  ONESPAWORLD HOLDINGS Ltd entered into Warrant Exchange Agreements with certain holders of the Company’s public warrants valued at an aggregate of 9,917,150 Public Warrants (effective 2023-03-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain holders of the Company’s public warrants
  - Value: an aggregate of 9,917,150 Public Warrants
  - Effective: 2023-03-13
  source text: On March 13, 2023, OneSpaWorld Holdings Limited (the “Company”) entered into Warrant Exchange Agreements (the “Exchange Agreements”) with certain holders (the “Public Warrant Holders”) of the Company’s public warrants (the “Public Warrants”), pursuant to which the Public Warrant Holders agreed to exchange an aggregate of 9,917,150 Public Warrants for common shares of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758488/000119312523068507/0001193125-23-068507-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.