IRSA (NYSE: IRS) sets Feb 17–25, 2026 window for warrant exercise

Rhea-AI Filing Summary

IRSA Inversiones y Representaciones has opened the penultimate exercise period for its share warrants before their maturity in May 2026. The current exercise window runs from February 17 to February 25, 2026, although custodians and intermediaries may apply earlier internal cut-off dates.

Each warrant entitles its holder to receive 1.6367 common shares with a par value of ARS 10, at an exercise price of USD 0.2641 per share. From this window onward, holders may also use a newly available “Net Exercise with Par Value Contribution” cashless alternative, approved at the October 30, 2025 shareholders’ meeting, paying only the par value per share and, if applicable, a USD 0.05 per GDS issuance fee when converting common shares into GDS.

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 February, 2026

 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 February 18, 2026, filed by the Company with the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores.

Buenos Aires, February 18, 2026 – IRSA Inversiones y Representaciones S.A. (NYSE:IRS;BYMA:IRSA), reports holders of options to receive shares (“warrants”) that the penultimate exercise period, prior to their maturity in May 2026, is now open. The exercise window will run from February 17 to February 25, 2026. Please note that Caja de Valores and/or the respective intermediaries may establish earlier internal cut-off dates for the receipt of exercise instructions.

In accordance with the applicable terms and conditions, each warrant entitles its holder to receive 1.6367 common shares, each with a par value of ARS 10, at an exercise price of USD 0.2641 per share.

As from this exercise window, holders may elect to exercise their warrants under the “Net Exercise with Par Value Contribution” (cashless) modality, as approved by the Shareholders’ Meeting held on October 30, 2025. Under this alternative, holders will receive shares equivalent to the difference between the cash exercise price and the market value of the business day prior to the start of the exercise period, and will only be required to pay the par value of the shares to be issued (ARS 10 per share), plus the GDS issuance fee charged by BNY (USD 0.05 per GDS), in the event of conversion of common shares into GDS.

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
February 18, 2026		Responsible for the Relationship with the Markets


 
 
 
 
 
 
 
 
 
 
 

FAQ

What did IRSA (IRS) announce regarding its warrants in February 2026?

IRSA announced that the penultimate exercise period for its share warrants is open from February 17 to February 25, 2026. This allows warrant holders to convert warrants into common shares before the instruments mature in May 2026, under the terms previously established.

What is the exercise period for IRSA (IRS) warrants in 2026?

The current IRSA warrant exercise window runs from February 17 to February 25, 2026. The company notes that Caja de Valores and intermediaries may set earlier internal deadlines for receiving exercise instructions, so holders must follow timing requirements set by their custodial institutions.

How many IRSA (IRS) shares does each warrant provide and at what price?

Each IRSA warrant entitles its holder to receive 1.6367 common shares with a par value of ARS 10 per share. The exercise price is USD 0.2641 per share, defining the cash amount required for a standard, fully cash-paid warrant exercise during the window.

What is IRSA’s Net Exercise with Par Value Contribution option?

IRSA offers a “Net Exercise with Par Value Contribution” cashless alternative from this window onward. Under it, warrant holders receive shares equal to the value difference between market price and cash exercise price, paying only the ARS 10 par value per share to be issued.

When did IRSA (IRS) approve the cashless warrant exercise modality?

The cashless “Net Exercise with Par Value Contribution” modality was approved at IRSA’s shareholders’ meeting held on October 30, 2025. The February 2026 window is the first one where holders can choose this alternative instead of a traditional full cash exercise method.

What fees apply if IRSA shares from warrant exercise are converted into GDS?

If common shares issued upon IRSA warrant exercise are converted into GDS, holders must pay a GDS issuance fee of USD 0.05 per GDS charged by BNY. This fee is in addition to paying the ARS 10 par value per share under the net exercise modality.