IRSA adjusts warrant terms post-dividend: ratio 1.6367, price $0.2641

Rhea-AI Filing Summary

IRSA Inversiones y Representaciones Sociedad Anónima updated the terms of its outstanding common share warrants following a cash dividend distributed on November 4, 2025.

The number of shares issuable per warrant increased to 1.6367 from 1.4818 (Nominal Value ARS 10). The warrant exercise price per new share decreased to USD 0.2641 from USD 0.2917 (Nominal Value ARS 10). The company stated that all other warrant terms and conditions remain unchanged.

Insights

Equity derivatives analyst

Anti-dilution adjustments raised warrant ratio and lowered exercise price.

IRSA applied standard anti-dilution mechanics after a November 4, 2025 cash dividend. Each outstanding warrant now entitles the holder to 1.6367 shares versus 1.4818 previously, tied to a nominal value of ARS 10.

The exercise price per new share was reduced to USD 0.2641 from USD 0.2917, preserving holders’ economic position post-dividend. The company indicated all other terms remain the same, suggesting the change is mechanical rather than strategic.

Actual effects depend on market price relative to the new exercise price and holder activity; no timing changes or additional conditions were disclosed in the excerpt.

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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

 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 November 6, 2025, filed by the Company with the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores.

Buenos Aires, Argentina - November 6, 2025 – IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS; ByMA:IRSA), Argentina's leading Real Estate company,  the Company reported that due to the cash dividend distributed to the shareholders on November 4, 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: 1.4818 (Nominal Value ARS 10);

●

Ratio after the adjustments (current): 1.6367 (Nominal Value ARS 10).

Warrant exercise price per new share to be issued:

●

Price previous to the adjustments: USD 0.2917 (Nominal Value ARS 10);

●

Price after the adjustments (current): USD 0.2641 (Nominal Value ARS 10).

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.

	IRSA Inversiones y Representaciones Sociedad Anónima
November 6, 2025	By:	/s/ Saúl Zang
		Saúl Zang
		Responsible for the Relationship with the Markets

FAQ

What did IRSA (IRS) change about its warrants?

IRSA adjusted warrant terms after a November 4, 2025 cash dividend, increasing the share ratio and lowering the exercise price per new share.

What is the new IRSA warrant share ratio?

The amount of shares to be issued per warrant is now 1.6367 (previously 1.4818), Nominal Value ARS 10.

What is the new exercise price for IRSA warrants?

The warrant exercise price per new share is now USD 0.2641, reduced from USD 0.2917, Nominal Value ARS 10.

Why were IRSA’s warrant terms adjusted?

They were adjusted due to a cash dividend distributed to shareholders on November 4, 2025.

Did any other IRSA warrant terms change?

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

Which shares do the warrants relate to at IRSA?

They are warrants for common shares of the company with Nominal Value ARS 10.