Temporary Amendment of Warrant Exercise Price
Aterian Plc has announced a temporary amendment to its Series 12 Warrants, originally issued on 12 October 2022 and set to expire on 30 December 2025. Effective immediately for a two-week period until 21 November 2025, the exercise price will be significantly reduced from 150 pence per share to 32.5 pence per share. This strategic adjustment aims to provide warrant holders an opportunity to participate at the Company's recent equity placing price, while simultaneously strengthening Aterian's balance sheet through potential new capital inflows. Following this specific period, the exercise price will revert to 150 pence per share for the remainder of the warrant term. This move could lead to immediate capital injection but also implies potential dilution for existing shareholders at a lower valuation.
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Aterian plc (LSE: ATN), the critical and strategic metals-focused exploration and trading company, announces that the directors have approved a temporary amendment to the terms of the Company's Series 12 Warrants, which were issued on 12 October 2022 and are due to expire on 30 December 2025.
Under the amendment, the effective exercise price of the Series 12 Warrants will immediately, and temporarily, be reduced for a two-week period from 150 pence per share to 32.5 pence per share. This amendment will apply only where the Company receives a notice of exercise and the full consideration on or before 21 November 2025.
Following that date, the exercise price of the Series 12 Warrants will revert to 150 pence per share for the remainder of the warrant term.
The Board believes this amendment provides warrant holders with an opportunity to participate in the Company's recent equity placing price, while also strengthening Aterian's balance sheet through potential new capital inflows.
Engage with the Aterian PLC management team directly by asking questions, watching video summaries, and seeing what other shareholders have to say. Please navigate to our interactive investor hub here: https://aterianplc.com/s/fcf8eb
Aterian Plc:
Charles Bray, Executive Chairman - charles.bray@aterianplc.com
Simon Rollason, Director - simon.rollason@aterianplc.com
Financial Adviser and Joint Broker:
AlbR Capital Limited
David Coffman / Anastassiya Eley
Colin Rowbury
Joint Broker:
SP Angel Corporate Finance LLP
Ewan Leggat / Adam Cowl
Financial PR:
Bald Voodoo - ben@baldvoodoo.com
Ben Kilbey
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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.