AST SpaceMobile Announces It Will Redeem All Outstanding Publicly Traded Warrants For $0.01 Each On September 27, 2024, After Meeting The Stock Price Condition Of At Least $18.00 For 20 Days Within A 30-Day Period, With Warrant Holders Able To Exercise Their Warrants For $11.50 Each Until Immediately Before The Redemption Date
Portfolio Pulse from Benzinga Newsdesk
AST SpaceMobile (NASDAQ:ASTS) will redeem all outstanding publicly traded warrants for $0.01 each on September 27, 2024, after meeting the stock price condition of at least $18.00 for 20 days within a 30-day period. Warrant holders can exercise their warrants for $11.50 each until the redemption date.
August 28, 2024 | 12:06 pm
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AST SpaceMobile will redeem all outstanding publicly traded warrants for $0.01 each on September 27, 2024. The stock price condition of $18.00 for 20 days was met, allowing warrant holders to exercise their warrants for $11.50 each until the redemption date.
The redemption of warrants indicates a positive stock performance as the stock price condition of $18.00 was met. This could lead to increased investor confidence and a potential short-term price increase as warrant holders may choose to exercise their warrants.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100