Onity Group Issues 462,762 Shares in Oaktree Warrant Exercise
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Onity Group Inc. announced Oaktree Capital Management exercised warrants to purchase 1,184,768 shares at $26.82 each. The exercise was settled with a net issuance of 462,762 shares, preserving liquidity. This removed future dilution uncertainty, resulting in a 5.4% book value per share dilution. Post-issuance share count is 8,521,636.
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