NewsMV
(Nasdaq: CD) has closed a transaction to repurchase and permanently cancel all warrants issued in a November 2023 private placement.
The company paid an aggregate cash consideration of US$2.0 million to the warrant holders, eliminating all outstanding warrants from its capital structure without issuing any new shares.
The transaction, which closed on September 21, 2026, was executed under a Warrant Repurchase Cancellation and Release Agreement with the holders of warrants from the private placement priced on November 30, 2023.
None of the warrants had been exercised prior to the cancellation.
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