Ambac Financial Group Issues Reminder Concerning Expiration of Warrants
10 Avril 2023 - 2:30PM
Business Wire
Ambac Financial Group, Inc. (NYSE: AMBC) (“Ambac” or “AFG”)
today issued a reminder to the holders of outstanding AFG warrants
to purchase common stock of Ambac (NYSE: AMBC/WS) that the warrants
will expire on Sunday, April 30, 2023. Because this expiration date
is not a trading day on the NYSE, the warrants will not be
exercisable after the cutoff time for exercises on Friday, April
28, 2023, at 5 p.m. EDT, set by the Depository Trust & Clearing
Corporation (“DTCC”).
The NYSE has notified Ambac that it will suspend trading in the
warrants after the close of trading on Tuesday, April 25, 2023, so
that all trades can be settled by Friday, April 28, 2023.
Any warrant not exercised prior to DTCC’s cutoff time on April
28, 2023, will expire and become void, and the holder will not
receive any shares of AFG common stock.
As of March 31, 2023, there were approximately 4.9 million
warrants outstanding. The warrants have an exercise price of $16.67
per share.
Holders of warrants who wish to exercise their warrants should
contact the broker or custodian through which they hold their
warrants for instructions. Brokers and custodians are encouraged to
contact the warrant agent, Computershare Inc. (telephone:
800-546-5141), well in advance of the expiration date and DTCC’s
cutoff time on April 28, 2023, to confirm the procedures for
exercising warrants.
About Ambac
Ambac Financial Group, Inc. (“Ambac” or “AFG”) is a financial
services holding company headquartered in New York City. Ambac’s
core business is a growing specialty P&C distribution and
underwriting platform with a legacy financial guaranty business in
run off. Ambac’s common stock trades on the New York Stock Exchange
under the symbol “AMBC”. Ambac is committed to providing timely and
accurate information to the investing public, consistent with our
legal and regulatory obligations. To that end, we use our website
to convey information about our businesses, including the
anticipated release of quarterly financial results, quarterly
financial, statistical and business-related information. For more
information, please go to www.ambac.com.
The Amended and Restated Certificate of Incorporation of Ambac
contains substantial restrictions on the ability to transfer
Ambac’s common stock. Subject to limited exceptions, any attempted
transfer of common stock shall be prohibited and void to the extent
that, as a result of such transfer (or any series of transfers of
which such transfer is a part), any person or group of persons
shall become a holder of 5% or more of Ambac’s common stock or a
holder of 5% or more of Ambac’s common stock increases its
ownership interest.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230410005060/en/
Investors: Charles Sebaski Managing Director, Investor Relations
csebaski@ambac.com Media: Kate Smith Director, Corporate
Communications ksmith@ambac.com
Ambac Financial (NYSE:AMBC)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Ambac Financial (NYSE:AMBC)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024