Vistra Issues Reminder Regarding Expiration of Warrants

Rhea-AI Summary

Vistra (VST) has announced that outstanding warrants to purchase shares of Vistra common stock will expire on Feb. 2, 2024. As of Sept. 30, 2023, there were nine million outstanding warrants, each representing the right to purchase 0.652 shares of Vistra common stock at an exercise price of $32.93 per share. Any warrants not exercised by Feb. 2, 2024, will expire and become void.

IRVING, Texas, Jan. 22, 2024 /PRNewswire/ -- Vistra (NYSE: VST) reminded holders of outstanding warrants (CUSIP No. 92840M128) (the "Warrants") to purchase shares of Vistra common stock, par value $0.01 per share, that the Warrants will expire on Feb. 2, 2024.

As of Sept. 30, 2023, there were nine million Warrants outstanding all of which will expire Feb. 2, 2024. Each Warrant represents the right to purchase 0.652 shares of Vistra common stock at an exercise price of $32.93 (subject to further adjustment from time to time), or $50.51 (subject to adjustment of the exercise price from time to time) per share of Vistra common stock received.

Any Warrant not exercised on or prior to 5:00pm New York Time on Feb. 2, 2024, will expire and become void, and the holder will no longer be able to exercise such voided Warrants.

About Vistra
Vistra (NYSE: VST) is a leading, Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. With operations in 20 states and the District of Columbia, Vistra combines an innovative, customer-centric approach to retail with safe, reliable, and efficient power generation. Learn more at https://www.vistracorp.com.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/vistra-issues-reminder-regarding-expiration-of-warrants-302040709.html

SOURCE Vistra Corp

FAQ

When will the outstanding warrants to purchase Vistra common stock expire?

The outstanding warrants to purchase Vistra common stock will expire on Feb. 2, 2024.

How many outstanding warrants were there as of Sept. 30, 2023?

As of Sept. 30, 2023, there were nine million outstanding warrants.

What is the exercise price for the warrants?

The exercise price for the warrants is $32.93 per share of Vistra common stock.

What happens if the warrants are not exercised by Feb. 2, 2024?

Any warrants not exercised by Feb. 2, 2024, will expire and become void.