09:03 AM EDT, 06/30/2025 (MT Newswires) -- Abacus Global Management ( ABL ) said Monday it has launched an exchange offer and consent solicitation related to its outstanding public and private placement warrants to simplify its capital structure.

The company said it is offering 0.23 shares of common stock for each warrant tendered and expects to issue up to 4,743,381 shares if all warrants are tendered, resulting in a roughly 5% increase in its outstanding common stock and no outstanding warrants.

The offer will run through July 29, Abacus said.

Concurrently, Abacus said it is seeking consent from warrant holders to amend the governing warrant agreement to allow the company to require holders to exchange at a reduced ratio of 0.207 shares per warrant their outstanding warrants after the offer closes.

Shares of Abacus were up more than 6% in recent premarket activity.