AvePoint (AVPT) said late Tuesday it has started an offer to purchase all of its outstanding public warrants to buy common shares at $2.50 apiece.
The company said it is also seeking consent to amend the 2019 warrant agreement between Apex Technology Acquisition, which merged with AvePoint in 2021, and Continental Stock Transfer & Trust to allow AvePoint to redeem outstanding warrants for $2 each, pending approval from at least 50.1% of warrant holders.
AvePoint expects to close the offer on Sept. 24.
Shares of the company were up 2.1% in recent after-hours activity.
Price: 11.00, Change: +0.23, Percent Change: +2.14
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