{"id":1016138,"date":"2026-11-02T12:27:35","date_gmt":"2026-11-02T17:27:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bradbury-capital-inc-announces-adjustment-to-public-warrant-exercise-price-following-completion-of-5-million-pipe-financing\/"},"modified":"2026-11-02T12:27:35","modified_gmt":"2026-11-02T17:27:35","slug":"bradbury-capital-inc-announces-adjustment-to-public-warrant-exercise-price-following-completion-of-5-million-pipe-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bradbury-capital-inc-announces-adjustment-to-public-warrant-exercise-price-following-completion-of-5-million-pipe-financing\/","title":{"rendered":"Bradbury Capital Inc. Announces Adjustment to Public Warrant Exercise Price Following Completion of $5 Million PIPE Financing"},"content":{"rendered":"
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KUALA LUMPUR, Malaysia, Nov. 02, 2026 (GLOBE NEWSWIRE) — Bradbury Capital Inc. (NASDAQ:BBCI and BBCIW) a Malaysian company that provides electronic voucher services and develops digital payment solutions through its subsidiary, Super Apps Holding Sdn. Bhd. (\u201cSuper Apps\u201d) and strategic partnerships, today announced an adjustment to the exercise price and the number of shares of common stock issuable upon exercise of its outstanding public warrants (the “Public Warrants”).<\/p>\n

Concurrently with the closing of the business combination on October 6, 2026, the Company completed a PIPE investment, pursuant to which an investor purchased 625,000 ordinary shares of the Company at a per share price of $8.00 for an aggregate purchase price of $5 million. All of the proceeds of the PIPE investment were applied to finance the expenses of the business combination and represented more than 60% of the proceeds available for the funding of the business combination on the closing date.<\/p>\n

Pursuant to Section 4.6 of the Warrant Agreement dated January 14, 2022, between Technology & Telecommunication Acquisition Corporation, predecessor in interest to the Company, and Continental Stock Transfer & Trust Company, as warrant agent (the \u201cWarrant Agreement\u201d), the terms of the Public Warrants contain provisions that trigger an adjustment to the exercise price and the warrant redemption trigger price upon the occurrence of each of the following events: (i) the Company issues equity securities at a price per share of less than $9.20 in connection with a business combination; (ii) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the business combination on the date of the consummation of such business combination; and (iii) the volume weighted average trading price of the Company\u2019s ordinary shares during the twenty (20) trading day period starting on the trading day prior to the date of the consummation of the business combination is below $9.20 per share. The volume weighted average trading price of the Company\u2019s ordinary shares during the period commencing on October 5, 2026 (which is the trading day immediately prior to the consummation of the business combination) and October 30, 2026, is $5.09.<\/p>\n

In light of the foregoing, the Company determined that the conditions precedent for adjusting the exercise price of the Public Warrants were met. As a result, effective as of October 30, 2026, the Public Warrants were adjusted as set forth below:<\/p>\n

\n Key Adjustments to the Public Warrants:<\/strong>\n <\/p>\n