Amass Brands (NASDAQ: AMSS) trims warrant exercise price to $3
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
AMASS Brands Inc. entered into Amendment No. 2 to its existing warrant held by Streeterville Capital, LLC. For a ninety-day “Reduced Exercise Price Period” starting on the amendment’s effective date, the warrant exercise price is temporarily reduced to $3.00 per share, after which it reverts to $16.00 per share. The company can end this reduced-price window at any time with two trading days’ prior written notice, while all other warrant terms remain unchanged.
Positive
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Negative
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Insights
AMASS temporarily discounts an existing warrant to $3 to incentivize exercise.
AMASS Brands amended an existing warrant held by Streeterville Capital to lower the exercise price to $3.00 per share for a defined ninety-day period. After this window, the exercise price returns to $16.00 per share, with all other terms unchanged.
This structure may encourage the investor to exercise during the Reduced Exercise Price Period, potentially bringing cash into the company, though the amendment does not specify warrant size or proceeds. The company also preserves flexibility by allowing early termination of the reduced-price period with two trading days’ notice.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Temporary exercise price: $3.00 per share
Post-period exercise price: $16.00 per share
Reduced price window length: 90 days
+1 more
4 metrics
Temporary exercise price
$3.00 per share
During ninety-day Reduced Exercise Price Period
Post-period exercise price
$16.00 per share
After expiration or termination of Reduced Exercise Price Period
Reduced price window length
90 days
Duration of Reduced Exercise Price Period
Early termination notice
2 trading days
Prior written notice required to end reduced-price period
Key Terms
Material Definitive Agreement, Warrant to Purchase Shares of Common Stock, Reduced Exercise Price Period, Securities Purchase Agreement, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Reduced Exercise Price Period financial
"during the ninety (90) day period commencing on the effective date of the Warrant Amendment (the “Reduced Exercise Price Period”)"
Securities Purchase Agreement financial
"originally issued to the Investor in connection with that certain Securities Purchase Agreement, dated March 17, 2026"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
Global Amendment regulatory
"as amended by that certain Global Amendment dated April 7, 2026"
FAQ
What agreement did AMASS Brands Inc. (AMSS) disclose in this 8-K?
AMASS Brands Inc. disclosed Amendment No. 2 to a Warrant to Purchase Shares of Common Stock held by Streeterville Capital, LLC. The amendment primarily changes the warrant’s exercise pricing terms for a limited ninety-day period while leaving all other warrant provisions in full force and effect.
How did AMASS Brands (AMSS) change the warrant exercise price?
The amendment sets a temporary reduced exercise price of $3.00 per share during a ninety-day Reduced Exercise Price Period. Once this period ends or is terminated, the exercise price reverts to $16.00 per share, restoring the higher strike level originally applicable under the warrant.
How long does AMASS Brands’ Reduced Exercise Price Period last?
The Reduced Exercise Price Period lasts ninety days beginning on the effective date of the Warrant Amendment. During this time, exercises occur at $3.00 per share. After the ninety days, or earlier termination, the warrant’s exercise price automatically returns to $16.00 per share.
Can AMASS Brands (AMSS) end the reduced warrant price early?
Yes. AMASS Brands may terminate the Reduced Exercise Price Period at any time by giving two trading days’ prior written notice. After termination, the warrant exercise price reverts to $16.00 per share, and the remaining terms of the warrant continue unchanged under the existing documentation.
Who is the investor affected by AMASS Brands’ warrant amendment?
The warrant subject to Amendment No. 2 is held by Streeterville Capital, LLC. This investor originally received the warrant in connection with a Securities Purchase Agreement dated March 17, 2026, which was later modified by a Global Amendment dated April 7, 2026.
Did AMASS Brands (AMSS) change any other warrant terms besides price?
No. The amendment only alters the exercise price mechanics, introducing the temporary $3.00 per share period before reverting to $16.00 per share. The company states that all other terms and conditions of the warrant remain unchanged and in full force and effect after this pricing modification.