Lindblad completes warrant exchange offer

Lindblad Expeditions Holdings completed its previously announced warrant exchange offer and consent solicitation relating to certain outstanding warrants.

Holders were invited to exchange each warrant for 0.385 shares of common stock and were entitled to purchase shares for $11.50.

Nearly 10m warrants tendered

When the exchange offer expired on July 12, 9.935m outstanding warrants, or approximately 98.5%, were tendered and not withdrawn. They will be exchanged for common stock on or about July 17.

In addition, Lindblad received the approval of approximately 98.5% of the outstanding warrants to amend the warrant agreement. The amended agreement gives the company the right to require the holders of warrants not tendered in the exchange offer to exchange their warrants for stock at a ratio of 0.36575 shares for each warrant.

Lindblad plans to exercise this right, and the exchange is expected to take place on or about Aug. 1.


Posted 15 July 2019

© Copyright 2019 Seatrade Informa Markets. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade Informa Markets.

Seatrade Cruise Med stacked 150px  Seatrade Cruise Med 2020 15 – 17 September 2020 | Malaga

Seatrade Cruise Med is the Mediterranean’s largest cruise conference and trade event. From the busy exhibition floor to the inspiring conference theatre, thousands of professionals from around the world come together to build new business and drive the future of cruise tourism across the Mediterranean. Register your interest for Seatrade Cruise Med 2020 today

Related Topics

Anne Kalosh

Author Bio ▼

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She is the cruise columnist for, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

Sign up to get the latest Cruise News headlines emailed directly to your inbox


News Sponsor