Abacus Global Management Announces Intention to Conduct Exchange Offer and Consent Solicitation Relating to Warrants
Abacus Global Management (NASDAQ: ABL) has announced plans to conduct an exchange offer and consent solicitation for its outstanding warrants. The company is offering 0.23 shares of common stock for each warrant tendered in the exchange. Additionally, ABL is seeking consent to amend the Warrant Agreement to require remaining warrant holders to exchange their warrants for 0.207 shares of common stock, a 10% lower ratio than the initial offer.
Currently, each warrant allows holders to purchase one common share at $11.50 per share. The amendment would require approval from at least 50% of public warrant holders. The exchange offer will commence following the filing of a Form S-4 registration statement.
Abacus Global Management (NASDAQ: ABL) ha annunciato l'intenzione di effettuare un'offerta di scambio e una richiesta di consenso per i suoi warrant in circolazione. La società offre 0,23 azioni ordinarie per ogni warrant presentato nell'ambito dello scambio. Inoltre, ABL chiede il consenso per modificare il Contratto dei Warrant, imponendo ai detentori rimanenti di scambiare i loro warrant con 0,207 azioni ordinarie, una percentuale inferiore del 10% rispetto all'offerta iniziale.
Attualmente, ogni warrant consente ai titolari di acquistare una azione ordinaria a 11,50 dollari per azione. La modifica richiederà l'approvazione di almeno il 50% dei detentori pubblici di warrant. L'offerta di scambio avrà inizio dopo la presentazione del modulo di registrazione Form S-4.
Abacus Global Management (NASDAQ: ABL) ha anunciado planes para llevar a cabo una oferta de intercambio y una solicitud de consentimiento para sus warrants en circulación. La compañía ofrece 0,23 acciones comunes por cada warrant entregado en el intercambio. Además, ABL busca el consentimiento para enmendar el Acuerdo de Warrants para exigir a los tenedores restantes que intercambien sus warrants por 0,207 acciones comunes, una proporción un 10% menor que la oferta inicial.
Actualmente, cada warrant permite a los titulares comprar una acción común a 11,50 dólares por acción. La enmienda requerirá la aprobación de al menos el 50% de los tenedores públicos de warrants. La oferta de intercambio comenzará tras la presentación de una declaración de registro Formulario S-4.
Abacus Global Management (NASDAQ: ABL)은(는) 미결제 워런트에 대한 교환 제안 및 동의 요청을 진행할 계획을 발표했습니다. 회사는 교환에 제출된 워런트 1개당 0.23주 보통주를 제공합니다. 또한, ABL은 워런트 계약을 수정하여 남아 있는 워런트 보유자들이 0.207주의 보통주로 워런트를 교환하도록 요구하는 동의를 구하고 있으며, 이는 최초 제안보다 10% 낮은 비율입니다.
현재 각 워런트는 보유자에게 주당 11.50달러에 보통주 1주를 구매할 수 있는 권리를 부여합니다. 이 수정안은 공개 워런트 보유자의 최소 50% 이상의 승인을 필요로 합니다. 교환 제안은 Form S-4 등록 신청서 제출 후 시작됩니다.
Abacus Global Management (NASDAQ : ABL) a annoncé son intention de procéder à une offre d'échange et à une sollicitation de consentement pour ses bons de souscription en circulation. La société propose 0,23 action ordinaire pour chaque bon présenté dans le cadre de l'échange. De plus, ABL cherche à obtenir le consentement pour modifier le contrat des bons afin d'exiger que les détenteurs restants échangent leurs bons contre 0,207 action ordinaire, soit un ratio inférieur de 10 % par rapport à l'offre initiale.
Actuellement, chaque bon permet à son détenteur d'acheter une action ordinaire au prix de 11,50 $ par action. La modification nécessitera l'approbation d'au moins 50 % des détenteurs publics de bons. L'offre d'échange débutera après le dépôt de la déclaration d'enregistrement Formulaire S-4.
Abacus Global Management (NASDAQ: ABL) hat Pläne angekündigt, ein Umtauschangebot und eine Zustimmungseinholung für seine ausstehenden Warrants durchzuführen. Das Unternehmen bietet 0,23 Stammaktien für jeden eingereichten Warrant im Rahmen des Umtausches an. Zusätzlich strebt ABL die Zustimmung zur Änderung der Warrant-Vereinbarung an, um verbleibende Warrant-Inhaber zu verpflichten, ihre Warrants gegen 0,207 Stammaktien zu tauschen, was einem um 10 % niedrigeren Verhältnis als das ursprüngliche Angebot entspricht.
Derzeit berechtigt jeder Warrant die Inhaber zum Kauf einer Stammaktie zu 11,50 USD pro Aktie. Die Änderung erfordert die Zustimmung von mindestens 50 % der öffentlichen Warrant-Inhaber. Das Umtauschangebot beginnt nach Einreichung der Registrierungserklärung Form S-4.
- Opportunity for warrant holders to convert to common stock at a premium to current trading prices
- Potential simplification of capital structure through warrant elimination
- Reduction in potential future dilution if warrants are exercised at $11.50
- Forced conversion at 10% lower ratio if amendment passes could disadvantage remaining warrant holders
- Dilutive effect on existing shareholders from new share issuance
- Warrant holders lose potential upside beyond exchange ratio value
Insights
Abacus Global proposes warrant exchange at 0.23 shares per warrant, potentially simplifying capital structure while causing modest dilution.
Abacus Global Management (NASDAQ: ABL) has announced a strategic capital structure adjustment through a planned warrant exchange offer. The company is proposing to exchange all outstanding warrants (both public and private) for 0.23 shares of common stock per warrant, rather than requiring warrant holders to pay the
Alongside this exchange offer, Abacus is seeking consent from warrant holders to amend the warrant agreement. This amendment would allow the company to require any remaining warrant holders to exchange their warrants for 0.207 shares of common stock (a
This maneuver serves multiple strategic objectives. First, it simplifies Abacus's capital structure by eliminating outstanding warrants that could create uncertainty around potential future dilution. Second, it provides existing warrant holders with immediate equity value without requiring cash payment of the exercise price. Third, the slightly lower forced conversion ratio creates an incentive for early participation.
From a dilution perspective, the impact appears moderate. At 0.23 shares per warrant, each warrant represents less than one-quarter of a common share, suggesting the company views this exchange ratio as financially advantageous compared to the original
ORLANDO, Fla., June 27, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. (the “Company”) (NASDAQ: ABL), today announced that it intends to conduct an exchange offer (the “Offer”) and consent solicitation (the “Consent Solicitation”) relating to its outstanding (i) public warrants to purchase shares of common stock of the Company, par value
Each outstanding warrant is exercisable for one common share at a price of
The Company expects to commence the Offer following the filing of a Form S-4 registration statement setting forth the terms of the Offer.
Important Notice
This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. As required by Rule 135, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Contacts:
Investor Relations
Robert F. Phillips – SVP Investor Relations and Corporate Affairs
rob@abacusgm.com
(321) 290-1198
David Jackson – Director of IR/Capital Markets
david@abacusgm.com
(321) 299-0716
Abacus Global Management Public Relations
press@abacusgm.com
FAQ
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