ATI Physical Therapy Announces the Termination of its Tender Offer to Purchase Up to 1,650,000 Shares of its Class A Common Stock at a Purchase Price of $2.85 per Share
ATI Physical Therapy (OTCMKTS: ATIP) has announced the termination of its previously announced tender offer to purchase up to 1,650,000 shares of its Class A common stock at $2.85 per share. The termination occurred because the Minimum Condition, which required 1,565,000 shares to be validly tendered, was not met.
As a result of the termination, no shares will be purchased and no consideration will be paid for any tendered shares. The tender offer was originally announced on December 17, 2024, and stockholders seeking additional information can contact Innisfree M&A Incorporated.
ATI Physical Therapy (OTCMKTS: ATIP) ha annunciato la cessazione della sua offerta di acquisto precedentemente comunicata per l'acquisto di fino a 1.650.000 azioni della sua azione ordinaria di Classe A a 2,85 $ per azione. La cessazione si è verificata perché la Condizione Minima, che richiedeva che 1.565.000 azioni fossero valide per l'offerta, non è stata soddisfatta.
Di conseguenza, non verranno acquistate azioni e non verrà pagato alcun corrispettivo per le azioni presentate. L'offerta di acquisto è stata originariamente annunciata il 17 dicembre 2024 e gli azionisti che cercano ulteriori informazioni possono contattare Innisfree M&A Incorporated.
ATI Physical Therapy (OTCMKTS: ATIP) ha anunciado la terminación de su oferta pública de compra previamente anunciada para adquirir hasta 1,650,000 acciones de su acción ordinaria Clase A a 2.85 $ por acción. La terminación se produjo porque no se cumplió la Condición Mínima, que requería que 1,565,000 acciones fueran válidamente ofrecidas.
Como resultado de la terminación, no se comprarán acciones y no se pagará ninguna consideración por las acciones ofrecidas. La oferta pública fue anunciada originalmente el 17 de diciembre de 2024, y los accionistas que buscan información adicional pueden contactar a Innisfree M&A Incorporated.
ATI Physical Therapy (OTCMKTS: ATIP)는 1,650,000주의 클래스 A 보통주를 주당 2.85달러에 구매하기 위한 이전 발표된 공모 제안을 종료했다고 발표했습니다. 종료는 1,565,000주가 유효한 제안으로 제출되어야 한다는 최소 조건이 충족되지 않았기 때문에 발생했습니다.
종료의 결과로, 어떤 주식도 구매되지 않으며 제안된 주식에 대한 보상도 지불되지 않습니다. 이 공모 제안은 2024년 12월 17일 처음 발표되었으며, 추가 정보를 원하는 주주들은 Innisfree M&A Incorporated에 문의할 수 있습니다.
ATI Physical Therapy (OTCMKTS: ATIP) a annoncé la résiliation de son offre publique d'achat précédemment annoncée pour acquérir jusqu'à 1 650 000 actions de son action ordinaire de classe A à 2,85 $ par action. La résiliation a eu lieu car la Condition Minimale, qui exigeait que 1 565 000 actions soient valablement soumises, n'a pas été remplie.
En conséquence de la résiliation, aucune action ne sera achetée et aucune compensation ne sera versée pour les actions soumises. L'offre publique a été initialement annoncée le 17 décembre 2024, et les actionnaires cherchant plus d'informations peuvent contacter Innisfree M&A Incorporated.
ATI Physical Therapy (OTCMKTS: ATIP) hat die Beendigung seines zuvor angekündigten Übernahmeangebots bekannt gegeben, das den Erwerb von bis zu 1.650.000 Aktien seiner Stammaktien der Klasse A zu einem Preis von 2,85 $ pro Aktie vorsah. Die Beendigung trat ein, weil die Mindestbedingung, die verlangte, dass 1.565.000 Aktien gültig angeboten werden, nicht erfüllt wurde.
Infolgedessen werden keine Aktien gekauft und es wird keine Vergütung für die angebotenen Aktien gezahlt. Das Übernahmeangebot wurde ursprünglich am 17. Dezember 2024 angekündigt, und Aktionäre, die weitere Informationen suchen, können sich an Innisfree M&A Incorporated wenden.
- None.
- Failed to meet minimum share tender requirement for stock buyback
- Unsuccessful completion of announced tender offer indicates potential lack of shareholder interest at $2.85 per share price
ATI's obligation to consummate the Offer by accepting for purchase, and paying for, any Shares validly tendered (and not validly withdrawn) was conditioned upon, among other things, the satisfaction or waiver by the Company of the Minimum Condition. Per the terms of the Offer to Purchase, 1,565,000 Shares must be validly tendered (and not validly withdrawn) in order for the Minimum Condition to be satisfied and the Offer to be completed. The Minimum Condition has not been satisfied.
This press release constitutes a formal termination of the Offer, which was made pursuant to the terms and conditions set forth in the Offer to Purchase. This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, any securities.
Stockholders who have questions or would like additional information about the tender offer may contact the information agent for the tender offer, Innisfree M&A Incorporated, at (888) 750-5835 (toll-free).
About ATI Physical Therapy, Inc.
At ATI Physical Therapy, we are committed to making every life an active life. We provide convenient access to high-quality care to prevent and treat musculoskeletal (MSK) pain. Our 850+ locations in 24 states and virtual practice operate under one of the largest single-branded platforms built to support standardized clinical guidelines and operating processes. With outcomes from more than 3 million unique patient cases, ATI strives to utilize quality standards designed to deliver proven, predictable, and impactful patient outcomes. From preventative services in the workplace and athletic training support to outpatient clinical services and online physical therapy via our online platform, CONNECT™, a complete list of our service offerings can be found at ATIpt.com. ATI is based in
Contacts
Investor Relations
Scott Rundell
Interim Chief Financial Officer and Head of Investor Relations
ATI Physical Therapy
investors@atipt.com
Media Inquiries
Michael Freitag / Aura Reinhard
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Scott Parent
Director of Communications
ATI Physical Therapy
scott.parent@atipt.com
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SOURCE ATI Physical Therapy
FAQ
Why did ATI Physical Therapy (ATIP) terminate its tender offer in January 2025?
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