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Agiliti, Inc. (“Agiliti”) today announced the results of its previously announced cash tender offer to purchase all of its outstanding warrants (the “Offer”) for $0.95 per warrant, in cash, without interest, upon the terms and subject to the conditions set forth in the written offer to purchase, dated March 25, 2019, as amended and supplemented by Amendment No. 1, dated April 22, 2019, the related letter of transmittal and the other related offer materials. The Offer expired at 12:00 midnight, Eastern Time, at the end of the day on May 3, 2019.
Based on information provided by Continental Stock Transfer & Trust Company, the depositary for the Offer, a total of 22,798,414 public warrants (including 1,500,001 warrants in guaranteed deliveries) and 14,950,000 private placement warrants, collectively representing 99.47% of total outstanding warrants, were properly tendered and not properly withdrawn prior to the expiration of the Offer. The Company accepted for purchase all such warrants and will pay an aggregate amount of approximately $35.9 million in cash for the warrants tendered. Payment of the purchase price to tendering holders will be made promptly. After completion of the Offer, 201,586 public warrants and no private placement warrants will remain outstanding. Outstanding warrants will expire on January 4, 2024.
Cowen acted as the dealer manager for the Offer. Morrow Sodali LLC acted as the information agent for the Offer. All questions concerning the Offer should be directed to Morrow Sodali LLC at 1-800-662-5200. The depositary for the Offer was Continental Stock Transfer & Trust Company.