Abacus Global Management, Inc. announced on July 30, 2025, the successful completion of its previously announced exchange offer and consent solicitation for its outstanding public and private placement warrants. The offer, which expired on July 29, 2025, saw approximately 88% of the outstanding warrants, totaling 18,188,277 warrants, validly tendered.
The company issued 4,183,160 shares of common stock in exchange for the tendered warrants. Additionally, Abacus received approval from approximately 83% of public warrants and 94% of private placement warrants to amend the warrant agreement. This allowed the company to exercise its right to exchange all remaining outstanding warrants for 0.207 shares of common stock per warrant.
As a result of the Offer and the subsequent Post-Offer Exchange, no warrants will remain outstanding. The public warrants are expected to be suspended from trading on Nasdaq as of August 14, 2025, and will be delisted. Following all exchanges, approximately 102,555,154 shares of common stock will be outstanding, representing an increase of approximately 5% from prior to the closing of the Offer.
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