other material
confidence high
sentiment neutral
materiality 0.65
Perella Weinberg completes warrant exchange; 96.4% of Public Warrants tendered
Perella Weinberg Partners
- 96.39% of outstanding Public Warrants (7,389,511 warrants) tendered; 47.68% of Private Placement Warrants (96,959 warrants) tendered.
- Holders of tendered warrants receive 0.20 shares of Class A common stock per warrant; settlement expected by August 23, 2022.
- Consent solicitation approved warrant amendment with ~96.39% support (threshold 65%); remaining untendered warrants to be exchanged at 0.18 shares each.
- All remaining Public and Private Placement Warrants to be cancelled following execution of warrant amendment.
- Citigroup served as Dealer Manager; D.F. King as Information Agent; American Stock Transfer as Exchange Agent.