Cellebrite DI (CLBT) has released an update.
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Cellebrite DI Ltd., a key player in digital investigative solutions, has announced the redemption of their outstanding warrants, setting the ‘Redemption Fair Market Value’ at $16.72, which determines the number of shares warrant holders will receive if they choose a ‘cashless basis’ exercise. Warrant holders must decide to exercise for cash or surrender their warrants by September 16, 2024. Unexercised warrants post-deadline will be void with holders receiving only a nominal redemption price, and the company has secured a tax ruling to benefit ‘Qualified Holders’ exercising warrants.
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