Cellebrite DI Announces The Redemption Fair Market Value For The Redemption Of Its Warrants, Allowing Holders To Exercise For $0.10 Per Warrant Or On A Cashless Basis For 0.342 Ordinary Shares Per Warrant Before September 16, 2024
Portfolio Pulse from Benzinga Newsdesk
Cellebrite DI Ltd. (NASDAQ:CLBT) has announced the redemption fair market value for its warrants, allowing holders to exercise for $0.10 per warrant or on a cashless basis for 0.342 ordinary shares per warrant before September 16, 2024.
August 30, 2024 | 12:04 pm
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NEUTRAL IMPACT
Cellebrite DI Ltd. has announced the redemption fair market value for its warrants, allowing holders to exercise for $0.10 per warrant or on a cashless basis for 0.342 ordinary shares per warrant before September 16, 2024. This could lead to an increase in share supply if many warrant holders opt for the cashless exercise.
The announcement provides warrant holders with options to exercise their warrants, potentially increasing the supply of ordinary shares if many opt for the cashless exercise. This could affect the stock price depending on the number of shares issued. However, the impact is neutral in the short term as it depends on the actions of the warrant holders.
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IMPORTANCE 70
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