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Vertiv Holdings Co Announces Plans to Redeem Public Warrants
December 17, 2020 GMT
COLUMBUS, Ohio--(BUSINESS WIRE)--Dec 17, 2020--
Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that it will redeem for cash all of its outstanding public warrants to purchase shares of Vertiv’s Class A common stock issued as part of the units (the “Units”) sold in Vertiv’s initial public offering (the “Public Warrants”) issued pursuant to the Warrant Agreement, dated as of June 7, 2018 (the “Warrant Agreement”), by and among Vertiv (formerly known as GS Acquisition Holdings Corp), Computershare Inc. and Computershare Trust Company, N.A., as warrant agent (the “Warrant Agent”), for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Vertiv’s Class A common shares that were issued under the Warrant Agreement in a private placement simultaneously with Vertiv’s initial public offering (the “Private Warrants”) and still held by the initial holders thereof or their permitted transferees are not subject to this redemption.