Zhongtian Group-W Begins Warrant Exercise Periods Post-SPAC Merger

Zhongtian Group-W (06676) has announced the commencement of the exercise periods for its listing warrants and founder warrants, following the completion of a special purpose acquisition company (SPAC) merger transaction on March 10, 2025. The exercise period for the listing warrants will begin on April 9, 2025, and will end on March 10, 2030, inclusive of both the start and end dates. The exercise period for the founder warrants will start on March 10, 2026, and will conclude on March 10, 2030, also inclusive of both the start and end dates.

During these exercise periods, the holders of the listing warrants or founder warrants, as applicable, will have the right to exercise their warrants at any time within the exercise period. This exercise will allow them to convert their warrants into A-class shares of the successor company at a price of HK$11.50 per share, subject to any adjustments. The exercise of these warrants is subject to certain conditions and adjustments, which may affect the final price at which the A-class shares can be acquired. Holders of the warrants should carefully review the terms and conditions of their warrants and seek professional advice if necessary.

The commencement of these exercise periods marks a significant milestone for Zhongtian Group-W, as it provides an opportunity for investors to participate in the company's future growth and development. The exercise of these warrants will enable the holders to acquire A-class shares of the successor company at a predetermined price, providing them with an opportunity to participate in the company's future growth and development. This development is a positive step for Zhongtian Group-W, as it allows investors to engage more deeply with the company's prospects and potential.