Rover group, inc. announces redemption of all outstanding warrants

Seattle, dec. 13, 2021 (globe newswire) -- rover group, inc. (“rover” or the “company”) (nasdaq: rovr), the world's largest online marketplace for pet care, today announced that it will redeem all of its outstanding public warrants (the “public warrants”) to purchase shares of rover's class a common stock, par value $0.0001 per share (the “class a common stock”), that remain outstanding at 5:00 p.m. new york city time on january 12, 2022 (the “redemption date”) for a redemption price of $0.10 per public warrant. the public warrants were issued under the warrant agreement, dated december 8, 2020, by and between rover (f/k/a nebula caravel acquisition corp. (“caravel”)) and american stock transfer & trust company, llc, as warrant agent (the “warrant agent”), as amended by the first amendment to warrant agreement, dated december 10, 2021, by and between rover and the warrant agent (as amended, the “warrant agreement”), as part of the units sold in caravel's initial public offering (the “ipo”). the public warrants are listed on nasdaq under the symbol “rovrw.” in addition, rover will redeem all of its outstanding warrants to purchase shares of class a common stock that were issued under the warrant agreement in a private placement simultaneously with the ipo (the “private warrants” and, together with the public warrants, the “warrants”) on the same terms as the outstanding public warrants.
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