Altus Power, Inc. Announces Warrant Exchange Agreement
Altus Power, Inc. Class A (AMPS)
Company Research
Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), a leading clean electrification company, today announced that on May 31, 2022 it signed separate, privately negotiated warrant exchange agreements with multiple holders of its public warrants to purchase shares of its Class A common stock (the “Public Warrants”), which are traded on the New York Stock Exchange under the symbol “AMPS WS.”Pursuant to the exchange agreements, the Company will issue an aggregate of 981,113 shares of its Class A common stock in exchange for the surrender and cancellation of an aggregate of 4,087,962 Public Warrants, which were previously issued by the Company as part of its initial public offering in December 2020. The exchanges will reduce the total number of outstanding Public Warrants by 40.6%, to 5,974,528 from 10,062,490.“These exchanges are a tremendous opportunity for Altus Power to manage dilution for our shareholders,” said Gregg Felton, Co-Chief
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- Altus Power, Inc. (NYSE: AMPS) is now covered by analysts at Maxim Group. They set a "buy" rating and a $7.00 price target on the stock.MarketBeat
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AMPS
Earnings
- 3/14/24 - Miss
AMPS
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 4
- 4/11/24 - Form DEFA14A
- AMPS's page on the SEC website