- China Recycling Energy (CREG -8.4%) has exchanged all remaining outstanding warrants that were issued to investors as part of two financings in 2018 and 2019, respectively, for shares of CREG’s common stock.
- "This exchange offer helped to eliminate all outstanding warrants issued to investors, thereby simplifying the Company’s capital structure for our shareholders and removing a significant stock overhang," said CEO Guohua Ku. "As a result, we believe investors are now better able to value the business as we focus on new strategic growth initiatives."