Iheartmedia, inc. completes scheduled exchange of warrants for shares of common stock

New york--(business wire)--iheartmedia, inc. (nasdaq: ihrt), the number one audio company in america, today completed an exchange of iheartmedia warrants into shares of iheartmedia class a common stock, the company's publicly traded equity, or class b common stock. as of december 31, 2020, there were approximately (i) 65 million shares of class a common stock, (ii) 7 million shares of class b common stock, and (iii) 75 million warrants outstanding. following the exchange, there will be approxim
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