Radius Global Infrastructure announces mandatory redemption of warrants

Nov. 22, 2021 9:51 AM ETRadius Global Infrastructure, Inc. (RADI)By: Khyathi Dalal, SA News Editor
  • Radius Global Infrastructure (RADI +1.1%) announced that as of Nov.19, a mandatory "Redemption Event" has occurred with respect to all of its outstanding warrants post its amended and restated warrant instrument.
  • Each unexercised warrant will be redeemed by the company for $0.01/warrant after Dec.17, 2021.
  • The warrants are exercisable on a 3:1 basis for each share at an exercise price of $11.50/share.
  • Currently, there are 49.9M warrants outstanding related to the initial placement of shares and 75.8M Class A common shares outstanding.
  • If all warrants are exercised, the company will issue no more than an additional 16.7M shares of Class A common stock and will receive $191.6M in cash upon settlement.

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