Xerox Holdings Corporation has announced a pro-rata distribution of warrants to its shareholders as part of ongoing efforts to optimize its capital structure and strengthen its balance sheet. Eligible holders of Xerox common stock, Series A Convertible Perpetual Voting Preferred Stock, and 3.75% Convertible Senior Notes due 2030 will receive one warrant for every two shares held as of February 9, 2026. Each warrant will entitle the holder to purchase one share of common stock at an exercise price of $8.00 per share. The warrants will expire two years from the distribution date, unless certain early expiration conditions are met. Holders may exercise their warrants using cash or specified Xerox debt instruments.

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