Aifu sets warrant exercise price at 200% and 250% of per-share purchase price
AIFU•Aifu filed warrant terms setting exercise prices at 200% of the per-share purchase price for half the warrant shares and 250% for the rest.
1. Warrant terms
The warrants may be exercised on or after the initial exercise date until termination, with cashless exercise available under a VWAP or bid-price formula. Any warrants not exercised by the termination date will be automatically cashlessly exercised, and exercises are capped at 9.99% beneficial ownership, with a 61-day notice required to raise the cap.
