Ostin Technology Group Announces Warrant Exchange Agreement for 70.9 Million Class A Shares

Reuters
05-13
Ostin Technology Group Announces Warrant Exchange Agreement for 70.9 Million Class A Shares

Ostin Technology Group Co., Ltd. has entered into a significant warrant exchange agreement with certain holders of 18,181,816 warrants, initially issued on April 14, 2025. Each warrant entitled the holder to purchase five Class A ordinary shares of the company. Under the new agreement, these warrants will be surrendered and canceled in exchange for the issuance of an aggregate of 70,909,082 Class A Ordinary Shares. The exchange is conducted under the exemption from registration requirements as per the Securities Act of 1933, with the new shares issued on May 7, 2025. Following this transaction, Ostin Technology now has a total of 107,430,032 Class A Ordinary Shares issued and outstanding as of May 12, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ostin Technology Group Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-042085), on May 12, 2025, and is solely responsible for the information contained therein.

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