Cresud adjusts warrants after dividend: 1.5417 ratio, $0.3669 strike

Rhea-AI Filing Summary

Cresud reported anti-dilution adjustments to its outstanding warrants following a cash and in-kind dividend and distribution of own shares on November 7, 2025. Each warrant now entitles the holder to receive 1.5417 common shares, up from 1.4075. The warrant exercise price per new share is now USD 0.3669, reduced from USD 0.4019. The company stated that all other terms and conditions of the warrants remain unchanged.

Insights

Equity Derivatives Analyst

Standard anti-dilution reset: more shares per warrant, lower strike.

Cresud adjusted warrant terms following a dividend and share distribution on November 7, 2025. The conversion ratio increases to 1.5417 shares per warrant from 1.4075, while the exercise price per new share decreases to USD 0.3669 from USD 0.4019.

These changes align with typical anti-dilution mechanics designed to keep warrant holders economically neutral after distributions. The company noted that all other terms remain the same, indicating no change to maturity or other conditions in this excerpt.

Form 6-K: How Foreign Companies Report to the SEC →

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 FORM 6-K

 REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of November, 2025

 Cresud Sociedad Anónima, Comercial, Inmobiliaria,

Financiera y Agropecuaria

(Exact name of Registrant as specified in its charter)

Cresud Inc.

(Translation of registrant´s name into English)

 Republic of Argentina

(Jurisdiction of incorporation or organization)

Carlos Della Paolera 261

(C1001ADA)

Buenos Aires, Argentina

 (Address of principal executive offices)

 Form 20-F ⌧ Form 40-F  ☐

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No x

CRESUD S.A.C.I.F. and A.

(THE “COMPANY”)

REPORT ON FORM 6-K

Attached is an English translation of the letter dated November 10, 2025 filed by the Company with the Comisión Nacional de Valores and the Bolsa de Comercio de Buenos Aires:

Buenos Aires, Argentina – November 10, 2025 – CRESUD S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES), leading Latin American agricultural company, reported that, due to the cash and in kind dividend and own shares distributed to the shareholders on November 7, 2025, the terms and conditions of the outstanding warrants for common shares of the Company have been modified as follows:

Amount of shares to be issued per warrant:

●

Ratio previous to the adjustments: 1.4075;

●

Ratio after the adjustments (current): 1.5417.

Warrant exercise price per new share to be issued:

●

Price previous to the adjustments: USD 0.4019;

●

Price after the adjustments (current): USD 0.3669.

The other terms and conditions of the warrants remain the same.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.

	Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria
	By:	/S/ Saúl Zang
		Saúl Zang
		Responsible for the Relationship with the Markets

November 10, 2025

FAQ

What changed in Cresud (CRESW) warrant terms?

The share ratio per warrant increased to 1.5417 from 1.4075, and the exercise price per new share decreased to USD 0.3669 from USD 0.4019.

Why did Cresud adjust its warrant terms?

Adjustments followed a cash and in-kind dividend and distribution of own shares made on November 7, 2025.

What is the new Cresud warrant ratio per warrant?

Each warrant now represents 1.5417 common shares.

What is the new warrant exercise price for Cresud?

The exercise price per new share is now USD 0.3669.

Did other Cresud warrant terms change?

No. The company stated that other terms and conditions remain the same.

When were the triggering distributions made?

On November 7, 2025, Cresud made a cash and in-kind dividend and distributed own shares.