Dominari Holdings expects USD 2.9 million from warrant exercises at reduced USD 2.2 price
DOMH•Warrant inducement deals to reduce overhang
Dominari entered warrant inducement deals to cut Series A warrant overhang tied to 3,124,690 common shares.
Holders can cash-exercise all warrants by Sept. 11 at $2.2 per share, down from $3.72.
An alternative exchange offers 1 common share for every five warrant shares, implying about 115,000 shares issued.
Gross proceeds are expected at about $2.9 million from cash exercises, and about 1.2 million Series A warrants are expected to remain outstanding.
