Electric vehicle charging solutions provider, Allego N.V. (NYSE:ALLG), disclosed the completion and results of its recently announced warrant exchange offer and consent solicitation on Friday. The offer, which concerned the company's outstanding warrants to purchase ordinary shares of nominal value €0.12 each, expired at midnight, Eastern Time, on Thursday.
According to the company's records, approximately 94.3% of the outstanding warrants, amounting to 13,015,201 in total, were validly tendered and not validly withdrawn before the expiration of the exchange offer and consent solicitation. Allego anticipates accepting all validly tendered warrants for exchange and settlement by October 3, 2023.
The company plans to carry out the Warrant Amendment concurrently with the settlement of the Exchange Offer. Following this, Allego expects to exercise its right according to the terms of the Warrant Amendment to exchange all remaining untendered Warrants for shares of the Company's Ordinary Shares. Consequently, no Warrants will remain outstanding.
Allego also confirmed that its Registration Statement on Form F-4 filed with the Securities and Exchange Commission (the “SEC”), registering the Company's Ordinary Shares issuable in the Exchange Offer was declared effective by the SEC on Thursday. BofA Securities, Inc. acted as the dealer manager for the Exchange Offer and Consent Solicitation.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.