Abacus life announces private exchange of outstanding public warrants

Orlando, fla., feb. 24, 2025 (globe newswire) -- abacus life, inc. (“abacus” or the “company”) (nasdaq: abl), a pioneering alternative asset manager specializing in leveraging longevity and actuarial technology to offer uncorrelated investment opportunities, today announced that it has entered into warrant exchange agreements (each, an “exchange agreement”) with certain holders (the “holders”) of its outstanding publicly traded warrants (the “public warrants”) to purchase shares of the company's common stock, par value $0.0001 per share (“common stock”). pursuant to their respective exchange agreements, the holders agreed to surrender an aggregate of 4,930,745 public warrants in exchange for an aggregate of 1,134,071 shares of newly issued common stock, representing a ratio of 0.23 shares per warrant.1
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