Abacus Global Management (NASDAQ:ABL) announced the expiration of its exchange offer and consent solicitation for public and private warrants, with 88% of outstanding warrants validly tendered.
The company received sufficient approval to amend the warrant agreement and will exchange remaining warrants at a reduced rate of 0.207 shares per warrant. Settlement is expected by July 30, 2025.
SG Americas Securities acted as dealer manager; D.F. King & Co. and Continental Stock Transfer & Trust were information and exchange agents, respectively.