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Cresud S.A.C.I.F. y A. (NASDAQ:CRESY, ByMA:CRES) announced Monday that it has adjusted the terms of its outstanding warrants for common shares. The changes follow the company’s distribution of a cash and in-kind dividend, as well as own shares, to shareholders on Friday.
According to a press release statement, the adjustment modifies the number of shares issuable per warrant and the exercise price. The ratio of shares to be issued per warrant has increased from 1.4075 to 1.5417. The exercise price per new share has been reduced from $0.4019 to $0.3669. All other terms and conditions of the warrants remain unchanged.
The information is based on a statement filed by Cresud with the Comisión Nacional de Valores and the Bolsa de Comercio de Buenos Aires, and disclosed in a filing with the U.S. Securities and Exchange Commission.
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