Boost Run (BRUN) to redeem warrants, eyes $131.9m cash
Rhea-AI Filing Summary
Boost Run Inc. is redeeming all outstanding public warrants to purchase its Class A common stock. Any warrant not exercised by 5:00 p.m., New York City time, on August 20, 2026 will be redeemed for $0.01 per warrant.
Each whole warrant can be exercised for cash into one share of Class A common stock at an exercise price of $11.50 per share. As of July 24, 2026, warrant exercises have generated $58.8m in gross cash proceeds, reflecting approximately 45% of public warrants exercised. If all remaining warrants are exercised, Boost Run could receive an additional $73.1m, for total gross proceeds of $131.9m.
Positive
- Boost Run has already received $58.8m in gross cash proceeds from public warrant exercises and could receive up to $131.9m in total if all remaining warrants are exercised, increasing available capital.
Negative
- None.
Filing Explained
The July 21 redemption notice leaves warrant holders until August 20, 2026 to act; warrants not properly exercised by then are redeemed for $0.01 and retain no rights beyond that payment.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Redemption deadline: 5:00 p.m., New York City time, on August 20, 2026
Warrant exercise price: $11.50 per share
Redemption price per warrant: $0.01 per warrant
+4 more
7 metrics
Redemption deadline
5:00 p.m., New York City time, on August 20, 2026
Cutoff time for exercising warrants before redemption for $0.01
Warrant exercise price
$11.50 per share
Price to purchase one Class A common share per whole warrant
Redemption price per warrant
$0.01 per warrant
Cash paid for each warrant not exercised by the deadline
Proceeds received to date
$58.8m
Gross cash proceeds from public warrant exercises as of July 24, 2026
Additional potential proceeds
$73.1m
Gross cash Boost Run could receive if all remaining warrants are exercised
Total potential proceeds
$131.9m
Total gross cash from public warrants assuming full exercise
Public warrants exercised
approximately 45%
Portion of total public warrants exercised as of July 24, 2026
Key Terms
Warrant Agreement, notice of redemption, SOC 2 Type II, HIPAA, +1 more
5 terms
Warrant Agreement financial
"issued under the Warrant Agreement, dated as of November 7, 2024"
A warrant agreement is the legal document that lays out the rules for stock warrants — special certificates that let their holder buy company shares at a set price within a certain time. It explains how and when warrants can be exercised, transferred, changed, or canceled, and what happens to them if the company raises money or is sold; investors care because these terms affect potential future ownership, dilution of shares, and the real value of the warrants.
notice of redemption financial
"it delivered a notice of redemption to the registered holders"
A notice of redemption is a formal announcement from a bond or preferred-stock issuer that it will repay and retire those securities on a specified date and at a specified price, telling holders which issues will be called and when. It matters to investors because it changes the timing and amount of expected cash flows—like a store buying back a gift card early, you get your money sooner but may lose future income and must find a new place to reinvest.
SOC 2 Type II technical
"Boost Run maintains SOC 2 Type II, HIPAA, ISO 27001"
A SOC 2 Type II report is an independent audit that verifies a company’s operational controls for protecting customer data work effectively over a sustained period, not just at a single point in time. Think of it like a multi-month health inspection for a business’s data practices: it reassures customers and investors that systems are managed reliably, lowering the risk of breaches, service interruptions, and regulatory or liability costs.
HIPAA medical
"SOC 2 Type II, HIPAA, ISO 27001, and ISO 27701 certifications"
A U.S. law that sets rules for keeping individuals’ health information private and secure, and for how that information can be shared. Think of it as a mandatory lock-and-key system for medical records that hospitals, insurers, and tech vendors must use. Investors care because failing to follow these rules can lead to big fines, costly remediation, loss of business access to patient data, and reputational damage that can hurt a company’s finances and growth prospects.
ISO 27001 technical
"HIPAA, ISO 27001, and ISO 27701 certifications at the operator level"
ISO 27001 is an internationally recognized standard that sets out the best practices for managing and protecting sensitive information within an organization. It acts like a security blueprint, helping companies ensure data is kept safe from theft, loss, or damage. For investors, organizations with ISO 27001 certification demonstrate a strong commitment to information security, reducing the risk of data breaches that could impact business stability and reputation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What warrant redemption did Boost Run (BRUN) announce?
Boost Run announced it will redeem all outstanding public warrants on August 20, 2026 at $0.01 per warrant if they are not exercised. Holders can instead exercise for cash into Class A common stock before the deadline.
What is the deadline and key terms for BRUN warrant exercises?
Warrant holders have until 5:00 p.m., New York City time, on August 20, 2026 to exercise. Each whole warrant allows purchase of one Class A share at an exercise price of $11.50 per share, after which unexercised warrants are redeemed for $0.01.
How much cash has Boost Run (BRUN) raised so far from warrant exercises?
As of July 24, 2026, Boost Run has received $58.8m in gross cash proceeds from the exercise of public warrants. This amount corresponds to approximately 45% of the total public warrants having been exercised by holders.
What additional proceeds could BRUN receive if all remaining warrants are exercised?
If all remaining outstanding public warrants are exercised, Boost Run expects to receive an additional $73.1m in gross cash proceeds. This would bring total proceeds from public warrant exercises to approximately $131.9m, assuming full participation.
At what prices are Boost Run (BRUN) warrants exercised and redeemed?
Each whole Boost Run warrant can be exercised for one Class A share at an exercise price of $11.50 per share. Any warrant not exercised by the deadline will be redeemed by the company at a redemption price of $0.01 per warrant.
What portion of Boost Run (BRUN) public warrants has been exercised?
Approximately 45% of Boost Run’s public warrants had been exercised as of July 24, 2026, generating $58.8m in gross cash proceeds. The remaining warrants may still be exercised for cash before the August 20, 2026 redemption deadline.