Abacus Global Management (NASDAQ:ABL) has commenced an exchange offer and consent solicitation involving its public and private warrants, as part of its efforts to streamline the company’s capital structure and minimize potential dilution.
Under the terms of the offer, warrant holders will receive 0.23 shares of common stock for each warrant exchanged by the July 29, 2025 deadline.
Abacus is also seeking consent to amend the existing warrant agreement, which would permit any remaining outstanding warrants to be exchanged at a slightly lower rate of 0.207 shares each.