Bowlero corp. completes redemption of all outstanding warrants and provides an update on its share repurchase program

Richmond, va., may 19, 2022 (globe newswire) -- bowlero corp. (nyse:bowl), (“bowlero” or the “company”) today announced the completion of its redemption of all publicly traded warrants (the “public warrants”) and privately held warrants (the “private warrants”, together with the public warrants, the “warrants”) to purchase shares of the bowlero's class a common stock, par value $0.0001 per share (the “common stock”), that were issued under the warrant agreement (the “warrant agreement”), dated march 2, 2021, by and between the company and continental stock transfer & trust company (“cst”), as warrant agent (“the warrant agent”), that remained outstanding at 5:00 p.m. new york city time on may 16, 2022 (the “redemption date”), for a redemption price of $0.10 per warrant.
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