Westrock Coffee Company announced the start of an exchange offer and consent solicitation concerning its outstanding public and private placement warrants. Westrock Coffee is offering to exchange each warrant for 0.290 shares of common stock. The company is offering up to an aggregate of 5,551,792 common shares for the warrants. If holders of 50% of the outstanding warrants agree to a Warrant Agreement Amendment, Westrock Coffee will be able to exchange outstanding warrants post-offer for 10% less than the current exchange rate offered.
Certain stakeholders representing a majority of private placement warrants and a significant portion of public warrants have agreed to the exchange and the amendment. The offer and consent solicitation will expire on September 26, 2024. The entire procedure is detailed in documents filed with regulatory authorities.
Westrock Coffee has also addressed the potential risks associated with forward-looking statements and has cautioned that actual results could differ from those anticipated in these statements.
Names and Entities: - Westrock Coffee Company - Computershare Inc. - Computershare Trust Company, N.A. - D.F. King & Co. - Robert P. McKinney