Amprius Announces Expiration and Results of Offer to Exchange Relating to its Private Placement Warrants
July 24 2024 - 8:30AM
Business Wire
Amprius Technologies, Inc. (“Amprius” or the
“Company”) (NYSE: AMPX), a leader in next-generation
lithium-ion batteries with its Silicon Anode Platform, today
announced the expiration and results of its previously announced
offer to exchange (the “Offer to Exchange”) relating to its
outstanding private placement warrants with an exercise price of
$11.50 per share of common stock. The Offer to Exchange expired at
5:00 p.m. Eastern time on July 23, 2024.
By the expiration time of the Offer to Exchange, 15,600,000
private placement warrants were validly tendered and not validly
withdrawn, which represented 98% of such warrants. The Company has
accepted all validly tendered warrants and will issue an aggregate
of 3,073,200 shares of its common stock in exchange for the validly
tendered private placement warrants on or about July 25, 2024.
This press release shall not constitute an offer to exchange,
the solicitation of an offer to exchange or the solicitation of an
offer to purchase any securities, nor shall there be any exchange
or sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. A
Registration Statement on Form S-4 filed with the Securities and
Exchange Commission (the “SEC”) registering the offering of the
shares of common stock issuable in the Offer to Exchange was
declared effective by the SEC on July 8, 2024.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leading manufacturer of
high-energy and high-power lithium-ion batteries, producing the
industry’s highest-known energy density cells. The company’s
commercially available SiMaxx™ batteries deliver up to 450 Wh/kg
and 1,150 Wh/L, with third-party validation of 500Wh/kg and 1,300
Wh/L. Amprius expanded its product portfolio to include the SiCore™
platform in 2024, significantly enhancing its ability to serve
additional customer applications. The company’s corporate
headquarters is in Fremont, California, where it maintains an
R&D lab and a MWh scale manufacturing facility for the
fabrication of silicon anodes and cells. To serve customer demand,
Amprius entered into several agreements to secure over 500MW/h of
contract manufacturing available today and entered into a lease
agreement for a GWh scale facility in Brighton, Colorado.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240724827211/en/
Investors Tom Colton, Greg Bradbury Gateway Group, Inc.
949-574-3860 IR@amprius.com
Media Zach Kadletz, Brenlyn Motlagh Gateway Group, Inc.
949-574-3860 Amprius@gateway-grp.com
Amprius Technologies (NYSE:AMPX)
Historical Stock Chart
From Jul 2024 to Aug 2024
Amprius Technologies (NYSE:AMPX)
Historical Stock Chart
From Aug 2023 to Aug 2024