IRSA (NYSE: IRS) boosts share count via November 2025 warrant exercise

Rhea-AI Filing Summary

IRSA Inversiones y Representaciones S.A. reports that warrant holders exercised their rights between November 17 and 25, 2025, leading to the issuance of 1,132,453 new ordinary shares with a face value of ARS 10 each. The company collected USD 299,081 from these exercises. As a result, ordinary shares increased from 773,057,700 to 774,190,153, while outstanding warrants fell from 53,853,144 to 53,161,206. The table indicates a current ratio of 1.6367 ordinary shares per warrant, a current exercise price of USD 0.2641 per share, remaining warrants that could result in 87,008,945 additional shares, and a fully diluted share count of 861,199,098.

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 December, 2025

 IRSA Inversiones y Representaciones Sociedad Anonima

(Exact name of Registrant as specified in its charter)

IRSA Investments and Representations Inc.

(Translation of registrant´s name into English)

 Republic of Argentina

(Jurisdiction of incorporation or organization)

Carlos Della Paolera 261 9th Floor

(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 ☐ No x

IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANONIMA

(THE “COMPANY”)

REPORT ON FORM 6-K

Attached is an English translation of the letter dated December 4, 2025, filed by the Company with the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores.

Buenos Aires, December 4, 2025 – IRSA Inversiones y Representaciones S.A. (NYSE:IRS;BYMA:IRSA), informs that between November 17 and 25, 2025, certain warrants holders have exercised their right to acquire additional shares.

Therefore, a total of 1,132,453 ordinary shares of the Company will be registered, with a face value of ARS 10. As a result of the exercise, USD 299,081 were collected by the Company.

After the exercise of these warrants, the number of shares of the Company increased from 773,057,700 to 774,190,153 with a face value of ARS 10, and the new number of outstanding warrants decreased from  53,853,144 to 53,161,206.

The following table provides a summary of the information regarding the options and shares issued by the Company:

Ordinary shares prior to Nov-2025 exercise	773,057,700
Warrants exercised in Nov-2025	691,938
Current Ratio (ordinary shares of face value of ARS 10 per warrant)	1.6367
Current exercise price (per ordinary share of face value of ARS 10)	USD 0.2641
Shares issued for Nov-2025 exercise*	1,132,453
Outstanding Warrants after Nov-2025 exercise	53,161,206
Shares to be issued upon warrant exercise	87,008,945
Outstanding ordinary shares after Nov-2025 exercise	774,190,153
Fully Diluted	861,199,098

*The amount includes rounding adjustments for each exercise instruction calculation.

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.

	IRSA Inversiones y Representaciones Sociedad Anónima
	By:	/s/ Saúl Zang
		Saúl Zang
		Responsible for the Relationship with the Markets
December  4, 2025



FAQ

What did IRSA (IRS) announce regarding its warrants in November 2025?

IRSA announced that between November 17 and 25, 2025, certain warrant holders exercised their rights, resulting in the issuance of 1,132,453 new ordinary shares.

How much cash did IRSA (IRS) receive from the November 2025 warrant exercises?

From the November 2025 warrant exercises, IRSA collected USD 299,081 in proceeds.

How did the November 2025 warrant exercise affect IRSA’s (IRS) share count?

IRSA’s ordinary shares increased from 773,057,700 to 774,190,153 after the November 2025 warrant exercise.

What is the current exercise price and share ratio for IRSA (IRS) warrants?

The table indicates a current exercise price of USD 0.2641 per ordinary share and a ratio of 1.6367 ordinary shares per warrant.

How many IRSA (IRS) warrants and potential shares remain outstanding after the exercise?

After the November 2025 exercise, 53,161,206 warrants remain outstanding, which could result in 87,008,945 additional shares and a fully diluted total of 861,199,098 shares.

What happened to IRSA’s (IRS) outstanding warrants due to the November 2025 exercise?

Outstanding warrants decreased from 53,853,144 to 53,161,206 following the exercise period in November 2025.