other material
confidence high
sentiment neutral
materiality 0.50
OneSpaWorld closes warrant exchange; issues ~3.85M shares for 19.27M warrants
ONESPAWORLD HOLDINGS Ltd
- Exchanged 15.29M public warrants at 0.2047 ratio for 3,129,200 common shares on April 26, 2023.
- Exchanged 3.98M private warrants: affiliates at 0.175 ratio (534,780 shares), non-affiliates at 0.2047 ratio (189,958 shares) on April 25, 2023.
- Approximately 95% of public warrants and 50% of private warrants exchanged; resulting shares outstanding: 83,697,994 voting and 13,421,914 non-voting.
- Directors and affiliates exchanged 3,055,906 private warrants for 534,780 common shares as part of the transaction.