Abacus Global Management, Inc. announced on June 30, 2025, the commencement of its exchange offer and consent solicitation for its outstanding public and private placement warrants. The company is offering 0.23 shares of common stock in exchange for each warrant tendered by holders. The offer period will continue until July 29, 2025.
Concurrently, Abacus is soliciting consents from public warrant holders to amend the warrant agreement. This amendment would permit the company to require that any warrants remaining outstanding after the offer close be exchanged for 0.207 shares of common stock, a ratio 10% less than the offer exchange ratio.
The company reported that parties representing approximately 25% of its outstanding public warrants and 94% of its outstanding private placement warrants have already agreed to tender their warrants and consent to the proposed amendment. This strong initial commitment indicates a high likelihood of successful capital structure simplification and reduced potential dilution.
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