Biote completes warrant exchange; 97.5% of public warrants tendered, warrant amendment enacted

biote Corp.

8,191,336 public warrants (97.5%) and 4,464,900 private warrants (87.4%) validly tendered in exchange offer.
Each warrant exchanged for 0.23 shares of common stock; settlement expected by June 9, 2023.
Company entered warrant amendment allowing forced conversion of remaining warrants at 0.207 shares per warrant.
Over 50% consent threshold met for amendment; company will exchange all remaining outstanding warrants.

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

biote Corp. amended Warrant Amendment with Continental Stock Transfer & Trust Company (effective 2023-06-08).

Action: amendment
Counterparty: Continental Stock Transfer & Trust Company
Effective: 2023-06-08

Exact text from the filing

Accordingly, on June 8, 2023, the Company and the Warrant Agent entered into the Warrant Amendment, which permits the Company to require that each Warrant that is outstanding upon the closing of the Offer be converted into 0.207 shares of Common Stock

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biote Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-163673

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