Futures higher amid U.S.-China trade talks progress - what’s moving markets
Cresud Inc. (NASDAQ:CRESY, BYMA:CRES) announced that between September 17 and September 25, certain warrant holders exercised their rights to acquire additional ordinary shares. According to a press release statement based on a filing with the Securities and Exchange Commission, a total of 17,769,882 ordinary shares, each with a face value of ARS 1, will be registered as a result of this exercise.
The company collected $7,141,716 from the exercise of these warrants. Following this transaction, Cresud’s total number of outstanding ordinary shares increased from 614,074,273 to 631,844,155. The number of outstanding warrants decreased from 73,294,802 to 60,669,566.
The current exercise price for the warrants is $0.4019 per ordinary share, with a current ratio of 1.4075 ordinary shares per warrant. The company reported that, after this exercise, 85,392,414 ordinary shares remain to be issued upon the potential future exercise of outstanding warrants. On a fully diluted basis, Cresud’s total share count would reach 717,236,569 if all warrants were exercised.
The information in this article is based solely on a press release statement included in the company’s SEC filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.