Radius Global Infrastructure Announces Mandatory Redemption of Warrants
Radius Global Infrastructure, Inc. (RADI)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Radius Global Infrastructure, Inc. (NASDAQ: RADI) (“Radius” or the “Company”) announced today that, as of November 19, 2021, a mandatory “Redemption Event” has occurred with respect to all of its outstanding warrants (OTC: RADIW) pursuant to the terms of its Amended and Restated Warrant Instrument dated October 2, 2020. As a result, each unexercised warrant will be redeemed by the Company for $0.01 per warrant after December 17, 2021. The Redemption Event has been triggered because the daily volume weighted average price of RADI common stock for the ten consecutive trading days ending November 19, 2021 was equal to or greater than $18.00.Registered holders of warrants will have until 5:00 p.m. Eastern Time on December 17, 2021 to exercise their warrants through the Company’s warrant agent, Computershare. The warrants are exercisable on a 3:1 basis for each share of the Company’s common stock at an exercise price of $11.50 per whole share of common stock.
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