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Cresud (BCBA:CRESm) Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY, BYMA:CRES), a real estate company based in Buenos Aires, Argentina, has announced the exercise of warrants by certain holders, resulting in the issuance of additional shares. Between May 17 and May 25, 2025, 9,025,091 ordinary shares were registered at a face value of ARS 1 each, collecting USD 3,627,184 for the company.
This exercise of warrants has increased the company’s total number of shares from 605,049,182 to 614,074,273, while the number of outstanding warrants decreased from 79,706,994 to 73,294,802. The current ratio of ordinary shares per warrant is 1.4075, with an exercise price of USD 0.4019 per ordinary share of face value ARS 1.
The report, based on a press release statement, also includes a table summarizing the options and shares issued by the company, detailing the number of outstanding ordinary shares after the May 2025 exercise, which now totals 614,074,273. Additionally, it lists the number of shares that would be issued upon the exercise of all outstanding warrants as 103,162,433, leading to a fully diluted share count of 717,236,706.
The financial implications for Cresud are significant, as the capital increase bolsters their financial position. The transaction is part of the company’s ongoing financial strategy and reflects its commitment to corporate governance and transparency in its operations. Cresud has made the necessary filings with the Bolsa de Comercio de Buenos Aires and the Comisión Nacional de Valores, in compliance with regulatory requirements. The company’s responsible for the Relationship with the Markets, Saúl Zang, has duly signed the report, indicating its official status.
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