AlTi Global completes warrant exchange, issues 4.86M shares, to eliminate all warrants by June 22

AlTi Global, Inc.

97.5% of Public Warrants and 98.3% of Private Warrants tendered in exchange offer.
Tendered warrants exchanged for 0.25 shares each; 4,864,275 Class A shares issued.
Remaining untendered warrants will be mandatorily exchanged for 0.225 shares each on June 22, 2023.
Warrant Amendment executed to allow mandatory exchange; all warrants to be eliminated.
Capital structure simplified; future dilutive impact of warrants removed.

item 1.01 item 3.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AlTi Global, Inc. amended Warrant Amendment with Continental Stock Transfer & Trust Company (effective 2023-06-07).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-06-07

Exact text from the filing

Accordingly, the Company and the Warrant Agent entered into the Warrant Amendment, dated June 7, 2023, and the Company announced that it will exercise its right, in accordance with the terms of the Warrant Amendment, to exchange each warrant that is outstanding upon the closing of the Offer for 0.225 shares of Class A Common Stock per warrant (the “Post-Offer Exchange”).

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AlTi Global, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-162544

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