Abacus Global Management Announces Intention to Conduct Exchange Offer and Consent Solicitation Relating to Warrants
Abacus Global Management (NASDAQ: ABL) has announced plans to conduct an exchange offer and consent solicitation for its outstanding warrants. The company is offering 0.23 shares of common stock for each warrant tendered in the exchange. Additionally, ABL is seeking consent to amend the Warrant Agreement to require remaining warrant holders to exchange their warrants for 0.207 shares of common stock, a 10% lower ratio than the initial offer.
Currently, each warrant allows holders to purchase one common share at $11.50 per share. The amendment would require approval from at least 50% of public warrant holders. The exchange offer will commence following the filing of a Form S-4 registration statement.
Abacus Global Management (NASDAQ: ABL) ha annunciato l'intenzione di effettuare un'offerta di scambio e una richiesta di consenso per i suoi warrant in circolazione. La societ脿 offre 0,23 azioni ordinarie per ogni warrant presentato nell'ambito dello scambio. Inoltre, ABL chiede il consenso per modificare il Contratto dei Warrant, imponendo ai detentori rimanenti di scambiare i loro warrant con 0,207 azioni ordinarie, una percentuale inferiore del 10% rispetto all'offerta iniziale.
Attualmente, ogni warrant consente ai titolari di acquistare una azione ordinaria a 11,50 dollari per azione. La modifica richieder脿 l'approvazione di almeno il 50% dei detentori pubblici di warrant. L'offerta di scambio avr脿 inizio dopo la presentazione del modulo di registrazione Form S-4.
Abacus Global Management (NASDAQ: ABL) ha anunciado planes para llevar a cabo una oferta de intercambio y una solicitud de consentimiento para sus warrants en circulaci贸n. La compa帽铆a ofrece 0,23 acciones comunes por cada warrant entregado en el intercambio. Adem谩s, ABL busca el consentimiento para enmendar el Acuerdo de Warrants para exigir a los tenedores restantes que intercambien sus warrants por 0,207 acciones comunes, una proporci贸n un 10% menor que la oferta inicial.
Actualmente, cada warrant permite a los titulares comprar una acci贸n com煤n a 11,50 d贸lares por acci贸n. La enmienda requerir谩 la aprobaci贸n de al menos el 50% de los tenedores p煤blicos de warrants. La oferta de intercambio comenzar谩 tras la presentaci贸n de una declaraci贸n de registro Formulario S-4.
Abacus Global Management (NASDAQ: ABL)鞚�(電�) 氙戈舶鞝� 鞗岆煱韸胳棎 雽�頃� 甑愴櫂 鞝滌晥 氚� 霃欖潣 鞖旍箔鞚� 歆勴枆頃� 瓿勴殟鞚� 氚滍憸頄堨姷雼堧嫟. 須岇偓電� 甑愴櫂鞐� 鞝滌稖霅� 鞗岆煱韸� 1臧滊嫻 0.23欤� 氤错喌欤�毳� 鞝滉车頃╇媹雼�. 霕愴暅, ABL鞚� 鞗岆煱韸� 瓿勳暯鞚� 靾橃爼頃橃棳 雮晞 鞛堧姅 鞗岆煱韸� 氤挫湢鞛愲摛鞚� 0.207欤�鞚� 氤错喌欤茧 鞗岆煱韸鸽ゼ 甑愴櫂頃橂弰搿� 鞖旉惮頃橂姅 霃欖潣毳� 甑晿瓿� 鞛堨溂氅�, 鞚措姅 斓滌磮 鞝滌晥氤措嫟 10% 雮潃 牍勳湪鞛呺媹雼�.
順勳灛 臧� 鞗岆煱韸鸽姅 氤挫湢鞛愳棎瓴� 欤茧嫻 11.50雼煬鞐� 氤错喌欤� 1欤茧ゼ 甑Г頃� 靾� 鞛堧姅 甓岆Μ毳� 攵�鞐暕雼堧嫟. 鞚� 靾橃爼鞎堨潃 瓿店皽 鞗岆煱韸� 氤挫湢鞛愳潣 斓滌唽 50% 鞚挫儊鞚� 鞀轨澑鞚� 頃勳殧搿� 頃╇媹雼�. 甑愴櫂 鞝滌晥鞚� Form S-4 霌彪 鞁犾箔靹� 鞝滌稖 頉� 鞁滌瀾霅╇媹雼�.
Abacus Global Management (NASDAQ : ABL) a annonc茅 son intention de proc茅der 脿 une offre d'茅change et 脿 une sollicitation de consentement pour ses bons de souscription en circulation. La soci茅t茅 propose 0,23 action ordinaire pour chaque bon pr茅sent茅 dans le cadre de l'茅change. De plus, ABL cherche 脿 obtenir le consentement pour modifier le contrat des bons afin d'exiger que les d茅tenteurs restants 茅changent leurs bons contre 0,207 action ordinaire, soit un ratio inf茅rieur de 10 % par rapport 脿 l'offre initiale.
Actuellement, chaque bon permet 脿 son d茅tenteur d'acheter une action ordinaire au prix de 11,50 $ par action. La modification n茅cessitera l'approbation d'au moins 50 % des d茅tenteurs publics de bons. L'offre d'茅change d茅butera apr猫s le d茅p么t de la d茅claration d'enregistrement Formulaire S-4.
Abacus Global Management (NASDAQ: ABL) hat Pl盲ne angek眉ndigt, ein Umtauschangebot und eine Zustimmungseinholung f眉r seine ausstehenden Warrants durchzuf眉hren. Das Unternehmen bietet 0,23 Stammaktien f眉r jeden eingereichten Warrant im Rahmen des Umtausches an. Zus盲tzlich strebt ABL die Zustimmung zur 脛nderung der Warrant-Vereinbarung an, um verbleibende Warrant-Inhaber zu verpflichten, ihre Warrants gegen 0,207 Stammaktien zu tauschen, was einem um 10 % niedrigeren Verh盲ltnis als das urspr眉ngliche Angebot entspricht.
Derzeit berechtigt jeder Warrant die Inhaber zum Kauf einer Stammaktie zu 11,50 USD pro Aktie. Die 脛nderung erfordert die Zustimmung von mindestens 50 % der 枚ffentlichen Warrant-Inhaber. Das Umtauschangebot beginnt nach Einreichung der Registrierungserkl盲rung Form S-4.
- Opportunity for warrant holders to convert to common stock at a premium to current trading prices
- Potential simplification of capital structure through warrant elimination
- Reduction in potential future dilution if warrants are exercised at $11.50
- Forced conversion at 10% lower ratio if amendment passes could disadvantage remaining warrant holders
- Dilutive effect on existing shareholders from new share issuance
- Warrant holders lose potential upside beyond exchange ratio value
Insights
Abacus Global proposes warrant exchange at 0.23 shares per warrant, potentially simplifying capital structure while causing modest dilution.
Abacus Global Management (NASDAQ: ABL) has announced a strategic capital structure adjustment through a planned warrant exchange offer. The company is proposing to exchange all outstanding warrants (both public and private) for 0.23 shares of common stock per warrant, rather than requiring warrant holders to pay the
Alongside this exchange offer, Abacus is seeking consent from warrant holders to amend the warrant agreement. This amendment would allow the company to require any remaining warrant holders to exchange their warrants for 0.207 shares of common stock (a
This maneuver serves multiple strategic objectives. First, it simplifies Abacus's capital structure by eliminating outstanding warrants that could create uncertainty around potential future dilution. Second, it provides existing warrant holders with immediate equity value without requiring cash payment of the exercise price. Third, the slightly lower forced conversion ratio creates an incentive for early participation.
From a dilution perspective, the impact appears moderate. At 0.23 shares per warrant, each warrant represents less than one-quarter of a common share, suggesting the company views this exchange ratio as financially advantageous compared to the original
ORLANDO, Fla., June 27, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. (the 鈥淐ompany鈥�) (NASDAQ: ABL), today announced that it intends to conduct an exchange offer (the 鈥淥ffer鈥�) and consent solicitation (the 鈥淐onsent Solicitation鈥�) relating to its outstanding (i) public warrants to purchase shares of common stock of the Company, par value
Each outstanding warrant is exercisable for one common share at a price of
The Company expects to commence the Offer following the filing of a Form S-4 registration statement setting forth the terms of the Offer.
Important Notice
This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. As required by Rule 135, this press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Contacts:
Investor Relations
Robert F. Phillips 鈥� SVP Investor Relations and Corporate Affairs
(321) 290-1198
David Jackson 鈥� Director of IR/Capital Markets
(321) 299-0716
Abacus Global Management Public Relations
FAQ
What is the exchange ratio for ABL's warrant exchange offer?
What happens if ABL's warrant amendment is approved?
What is the current exercise price of ABL warrants?
How many warrant holders need to approve ABL's warrant amendment?
When will ABL's warrant exchange offer begin?
