Perella Weinberg Partners offers 0.20 shares per warrant in exchange; consent solicitation for amendment

Perella Weinberg Partners

Exchange offer: 0.20 shares per warrant tendered; up to 1,573,995 shares to be issued; 7,869,975 warrants outstanding.
Consent solicitation requires 65% of public warrant holders; ~45.9% already committed; need ~19.1% more.
Offer expires August 18, 2022; no minimum tender condition; warrants withdrawable before expiration.
If amendment approved, remaining warrants convert into 0.18 shares (10% less than exchange ratio).
Purpose: simplify capital structure and reduce dilutive impact of warrants.

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