Boost Run Inc. has initiated a redemption of all its outstanding public warrants to purchase shares of Class A common stock. Warrant holders must exercise their warrants before the deadline, or the warrants will be redeemed by the company for a nominal price. The company could raise up to $131.9 million in total gross proceeds if all remaining warrants are exercised.
Key Details
- Redemption Deadline: August 20, 2026, at 5:00 p.m. New York City time.
- Exercise Terms: Each whole warrant can be exercised to purchase one share of Class A common stock at an exercise price of $11.50 per share.
- Redemption Price: Any unexercised warrants after the deadline will be redeemed for $0.01 per warrant.
- Financial Impact: As of July 24, 2026, the company has received $58.8 million from exercises. Full exercise of remaining warrants would generate an additional $73.1 million in gross proceeds.