Prenetics Global Reduces Dilution with 86.7% Participation in Warrant Exchange Program
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Prenetics Global Ltd. has reported an 86.7% participation rate in its voluntary warrant exchange program, allowing holders of Class A and Class B warrants to exchange approximately 4.72 million warrants for about 2.36 million new Class C warrants. This exchange will reduce the total number of outstanding warrants by 43.3%, decreasing potential dilution from 32.3% to 18.3% of total outstanding shares and simplifying the company's capital structure.
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