Corporate ActionMay 8, 2026, 06:02 AM
Amprius to Exchange 7.13M Warrants for Common Stock
AI Summary
Amprius Technologies entered into Warrant Exchange Agreements on May 6, 2026, with institutional holders to exchange 7,128,458 public warrants for common stock. The exchange ratio is determined by a formula involving the average volume-weighted average price (VWAP) over a four-day period starting May 11, 2026, a $0.35 premium, and the $11.50 exercise price. The closing is anticipated on May 18, 2026, with the newly issued shares being unregistered under Section 4(a)(2) of the Securities Act.
Key Highlights
- Amprius to exchange 7,128,458 public warrants for common stock.
- Warrants have an exercise price of $11.50 per share.
- Exchange ratio based on (Average VWAP + $0.35 - $11.50) / Average VWAP.
- Averaging Period for VWAP starts May 11, 2026, for four trading days.
- Closing of the exchange is expected on May 18, 2026.
- Exchange Shares issued in reliance on Section 4(a)(2) of the Securities Act.
Price Impact
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