Legacy Acquisition announced that, in connection with the previously announced business combination with Onyx Enterprises, an amendment to its warrant agreement.
The amendment provides that, subject to the closing of the merger, each of Legacy’s outstanding public warrants, and Legacy’s private placement warrants owned by certain institutional investors shall no longer be exercisable to purchase one half-share of the Company’s Class A common stockfor $5.75 per half-share, but instead will be converted into the right to receive an amount of cash and a number of shares of Class A common stock per warrant, based on the cash in the company’s trust account at the closing.
Legacy said it anticipates that the business combination will close today. Read more.
