What Hamak announced
Valid elections were received for 179,906,090 eligible warrants.
The numbers that matter
At the one-for-five exchange ratio, Hamak expected to issue 35,981,218 new ordinary shares and said this would remove 143,924,872 potential ordinary shares represented by the surrendered warrants.
Why it matters
The exchange materially reduces potential future dilution from this warrant pool and simplifies a significant part of the capital structure.
What comes next
Investors should monitor subsequent admissions, total voting rights and any remaining securities that can affect fully diluted share count.
Risks / open questions
The exchange does not remove all financing or dilution risk. Future funding needs, existing instruments and new capital issuance remain relevant.
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