Westrock Coffee announces exchange offer results in Little Rock on Sept 27

On September 27, 2024, Westrock Coffee Company announced the results of its exchange offer and consent solicitation for its outstanding public and private placement warrants. The offer, which expired on September 26, 2024, saw a significant participation rate, with approximately 97.42% of public warrants and 100% of private placement warrants tendered. This high level of participation indicates strong support from warrant holders for the company's proposed changes. Following the successful tendering, Westrock Coffee plans to accept all validly tendered warrants for exchange and settlement by September 30, 2024. The company also received approval to amend the Warrant Agreement, allowing for the exchange of remaining untendered warrants for common shares, effectively eliminating all outstanding warrants. This strategic move is part of Westrock Coffee's broader efforts to streamline its capital structure and enhance shareholder value, reflecting the company's commitment to its growth and operational efficiency. The announcement underscores the company's proactive approach in managing its financial instruments and engaging with its investors.