APi Group Announces Completion of Mandatory Warrant Redemption
APi Group Corporation (NYSE: APG) (APG, APi or the Company), announced today the completion of a mandatory redemption event with respect to all of its outstanding warrants.
- APi Group Corporation (NYSE: APG) (APG, APi or the Company), announced today the completion of a mandatory redemption event with respect to all of its outstanding warrants.
- The mandatory redemption event was triggered because the volume weighted average price of the Companys common stock on the New York Stock Exchange for the ten consecutive trading days ended January 26, 2021 was equal to or greater than $18.00.
- On February 25, 2021, the Company completed the mandatory redemption of 3.8 million outstanding warrants for $0.01 per warrant.
- APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries.