CORRECTING and REPLACING Amprius Announces Final Results of Offer to Exercise Allowing Public and Private Warrants to be Exercised at a Reduced Price
June 12 2024 - 1:28PM
Business Wire
First paragraph, second sentence of release should read: The
Offer to Exercise expired at 5:00 p.m. Eastern Time on June 11,
2024. (instead of The Offer to Exercise expired at 5:00 p.m.
Eastern Time on July 11, 2024.).
The updated release reads:
AMPRIUS ANNOUNCES FINAL RESULTS OF OFFER TO
EXERCISE ALLOWING PUBLIC AND PRIVATE WARRANTS TO BE EXERCISED AT A
REDUCED PRICE
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, today
announced the final results of its previously announced offer (the
“Offer to Exercise”) to the holders of the Company’s outstanding
public warrants to purchase up to 29,268,236 shares of the
Company’s common stock, $0.0001 par value per share (“Common
Stock”), and private warrants to purchase up to 16,400,000 shares
of Common Stock (together with the public warrants, the “Offering
Warrants”), at a temporarily reduced cash exercise price of $1.10
per Offering Warrant. The Offer to Exercise expired at 5:00 p.m.
Eastern Time on June 11, 2024.
Based on the final count by Continental Stock Transfer &
Trust Co., the depositary agent for the Offer to Exercise,
13,075,664 Offering Warrants to purchase an aggregate of 13,075,664
shares of Common Stock were tendered and exercised for aggregate
gross proceeds to the Company of approximately $14.4 million,
before deducting information agent fees and other expenses.
Offering Warrants that were not tendered and exercised remain in
effect at the original exercise price of $11.50 per share of Common
Stock.
The Offer to Exercise was made pursuant to the Tender Offer
Statement on Schedule TO originally filed by the Company with the
Securities and Exchange Commission (the “SEC”) on May 13, 2024 (as
amended, the “Original Schedule TO”). The complete terms of the
Offer to Exercise were set forth in the Schedule TO and related
exhibits filed with the SEC. Copies of the Schedule TO and other
related materials are available on the SEC’s website, at
www.sec.gov. This press release is for informational purposes only
and is not an offer to purchase or a solicitation of an offer to
sell securities.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of
high-energy and high-power lithium-ion batteries producing the
industry’s highest known energy density cells. The Company’s
commercially available SiMaxx™ batteries deliver up to 450 Wh/kg
and 1,150 Wh/L, with third-party validation of 500Wh/kg and 1,300
Wh/L. The Company’s corporate headquarters is in Fremont,
California, where it maintains an R&D lab and a MWh scale
manufacturing facility for the fabrication of silicon anodes and
cells. To serve customer demand, Amprius entered into a lease
agreement for an approximately 774,000 square foot facility in
Brighton, Colorado and expanded its product portfolio to include
the SiCore™ platform.
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version on businesswire.com: https://www.businesswire.com/news/home/20240612881341/en/
Investors Tom Colton, Chris Adusei-Poku Gateway Group,
Inc. 949-574-3860 IR@amprius.com
Media Zach Kadletz, Brenlyn Motlagh Gateway Group, Inc.
949-574-3860 Amprius@Gateway-grp.com
Amprius Technologies (NYSE:AMPX)
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