AlTi Global closes $115M initial investment from Constellation Wealth Capital, issues convertible preferred and warrants

AlTi Global, Inc.

Sold 115,000 Series C Convertible Preferred shares for $115M; issued warrants for 1,533,333 Class A common shares.
Proceeds to fund M&A pipeline and organic growth; part of up to $450M strategic investment from Allianz X and CWC.
Company may require additional $35M investment from CWC (May–Sept 2024) with warrants for 466,667 additional shares.
Series C Preferred Stock terms include conversion rights and preferences as set in Certificate of Designations filed with Delaware.

item 1.01 item 3.02 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

AlTi Global, Inc.: Filed Series C Certificate of Designations for Series C Preferred Stock (effective 2024-03-27).

Change: charter amendment
Effective: 2024-03-27

Exact text from the filing

On March 27, 2024, the Company filed the Series C Certificate of Designations setting forth the terms, rights, obligations and preferences of the Series C Preferred Stock.

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188 governance changes filed in the last 30 days. Browse all governance changes →

AlTi Global, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-013316

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