Abacus Global Management, Inc. announced its intention on June 27, 2025, to conduct an exchange offer and consent solicitation relating to its outstanding public and private placement warrants. Each outstanding warrant is currently exercisable for one common share at a price of $11.50 per share.
The company intends to offer warrant holders the opportunity to receive 0.23 shares of common stock in exchange for each tendered warrant. Concurrently, Abacus expects to solicit consents to amend the Warrant Agreement, allowing the company to require that any remaining outstanding warrants be exchanged for 0.207 shares of common stock, a 10% lower ratio.
This strategic move aims to simplify the company's capital structure and reduce the potential dilutive impact of the warrants. It provides more flexibility for financing future operations and is expected to commence following the filing of a Form S-4 registration statement.
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