Mirion Announces Completion of Redemption of its Outstanding Public Warrants
May 23 2024 - 4:05PM
Business Wire
Mirion ("we" or the "Company") (NYSE: MIR), a global provider of
radiation detection, measurement, analysis and monitoring solutions
to the medical, nuclear, defense, and research end markets, today
announced that it completed the redemption of its outstanding
publicly traded warrants (the “Public Warrants”) to purchase shares
of the Company’s common stock, par value $0.0001 per share (the
“Common Shares”), that remained outstanding at 5:00 pm New York
City time on Monday, May 20, 2024 (the “Redemption Date”), for a
redemption price of $0.10 per Public Warrant (the “Redemption
Price”).
On April 18, 2024, Mirion issued a press release stating that,
pursuant to the Warrant Agreement dated as of June 29, 2020 (the
“Warrant Agreement”), by and between Mirion (f/k/a GS Acquisition
Holdings Corp II) and Continental Stock Transfer & Trust
Company, as warrant agent, it would redeem all of its Public
Warrants that remained outstanding following 5:00 pm New York City
Time on the Redemption Date at the Redemption Price. Of the
18,749,779 Public Warrants that were outstanding as of March 31,
2024, 2,131 were exercised for cash at an exercise price of $11.50
per Common Share in exchange for an aggregate of 2,131 Common
Shares and 18,074,285 were exercised on a cashless basis in
exchange for an aggregate of 3,976,287 Common Shares, in each case
in accordance with the terms of the Warrant Agreement, representing
approximately 96.4% of the outstanding Public Warrants in the
aggregate. A total of 673,363 Public Warrants remained unexercised
as of the Redemption Date, and the Company redeemed those Public
Warrants for an aggregate redemption price of $67,336.30. Following
the Redemption Date, the Company had no Public Warrants
outstanding. The 8,500,000 warrants to purchase Common Shares that
were issued under the Warrant Agreement in a private placement
simultaneously with Mirion’s (f/k/a GS Acquisition Holdings Corp
II) initial public offering and still held by the initial holders
thereof or their permitted transferees remain outstanding and are
not affected by the redemption of the Public Warrants.
In connection with the redemption, the Public Warrants ceased
trading on the New York Stock Exchange (“NYSE”) and were delisted,
with the suspension of trading effective before market open on May
20, 2024. The Common Shares continue to trade on NYSE under the
symbol “MIR”.
Additional information can be found on Mirion’s Investor
Relations website: https://ir.mirion.com/
About Mirion
Mirion (NYSE: MIR) is a global leader in radiation safety,
science and medicine, empowering innovations that deliver vital
protection while harnessing the transformative potential of
ionizing radiation across a diversity of end markets. The Mirion
Technologies group provides proven radiation safety technologies
that operate with precision – for essential work within R&D
labs, critical nuclear facilities, and on the front lines. The
Mirion Medical group solutions help enhance the delivery and ensure
safety in healthcare, powering the fields of Nuclear Medicine,
Radiation Therapy QA, Occupational Dosimetry, and Diagnostic
Imaging. Headquartered in Atlanta (GA – USA), Mirion employs
approximately 2,700 people and operates in 12 countries. Learn more
at mirion.com.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any Mirion securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. Words such as “anticipate,” “believe,” “continue,”
“could,” “estimate”, “expect”, “hope”, “intend”, “may”, “might”,
“should”, “would”, “will”, “understand” and similar words are
intended to identify forward looking statements. These
forward-looking statements include, but are not limited to,
statements regarding redemption of the warrants. Further
information on risks, uncertainties and other factors that could
affect our financial results are included in the filings we make
with the Securities and Exchange Commission (the “SEC”) from time
to time, including our Annual Report on Form 10-K, our Quarterly
Reports on Form 10-Q and other periodic reports filed or to be
filed with the SEC.
You should not rely on these forward-looking statements, as
actual outcomes and results may differ materially from those
contemplated by these forward-looking statements as a result of
such risks and uncertainties. All forward-looking statements in
this press release are based on information available to us as of
the date hereof, and we do not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were
made.
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version on businesswire.com: https://www.businesswire.com/news/home/20240523172133/en/
For investor inquiries: Jerry Estes ir@mirion.com
For media inquiries: Erin Schesny media@mirion.com
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