AerSale calls cashless redemption of public warrants; holders get 0.3717 shares per warrant

AerSale Corp

Redemption of all public warrants (ASLEW) for $0.01 each, effective Dec 29, 2021.
Cashless exercise only; each warrant yields 0.3717 common shares (ASLE) instead of cash exercise.
Redemption triggered because stock closed at $18+ for 20 of 30 trading days prior to notice.
Private placement warrants held by initial holders are exempt from this redemption.
Unredeemed warrants after 5:00 p.m. ET on Dec 29 will be void and delisted.

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