---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-074129"
form_type: "8-K"
ticker: "OSW"
cik: "0001758488"
company_name: "ONESPAWORLD HOLDINGS Ltd"
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:02:29.357923+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OneSpaWorld exchanges 94% of public warrants and 43% of private warrants for common shares

## Summary
- Total 15.18M public warrants (94% of outstanding) and 3.44M private warrants (43%) exchanged.
- Public warrant exchange ratio initially 0.178 common shares per warrant, max 0.220 based on VWAP.
- Outstanding public warrants reduced by 78.2% to 3.53M from 16.15M.
- Affiliated holders exchanged private warrants at fixed 0.175 ratio and agreed to 60-day transfer lock-up.
- Closing expected April 25, 2023, subject to customary conditions.

## SEC filing metadata
- accession: 0001193125-23-074129
- form_type: 8-K
- ticker: OSW
- cik: 0001758488
- company_name: ONESPAWORLD HOLDINGS Ltd
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758488/000119312523074129/0001193125-23-074129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758488/000119312523074129/d682757d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-074129
- JSON: https://secwatch.observer/filing/0001193125-23-074129.json
- Plain text: https://secwatch.observer/filing/0001193125-23-074129.txt

## Key facts
- Material Agreements
  ONESPAWORLD HOLDINGS Ltd entered into Warrant Exchange Agreements with certain holders of the Company's public warrants and private warrants valued at Exchange of 15,176,824 Public Warrants and 3,443,909 Private Warrants for common shares (effective 2023-03-13).
  - Action: entry
  - Counterparty: certain holders of the Company's public warrants and private warrants
  - Value: Exchange of 15,176,824 Public Warrants and 3,443,909 Private Warrants for common shares
  - Effective: 2023-03-13
  source text: On March 13, 2023, OneSpaWorld Holdings Limited (the “Company”) previously announced that it had 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 such Public Warrant Holders agreed to exchange an aggregate of 9,917,150 Public Warrants for common shares of the Company, par value $0.0001 per share (the “Common Shares”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758488/000119312523074129/0001193125-23-074129-index.htm

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