10:57 AM EDT, 03/26/2024 (MT Newswires) -- OneSpaWorld Holdings ( OSW ) said Tuesday that it raised $52.1 million in cash proceeds from the conversion of all its remaining public warrants.

The company said most of the warrants were converted for cash and it now has about 106 million diluted shares following the conversion.

The warrants' conversion, along with Steiner Leisure's exit from the company, further simplifies the company's capital structure, said OneSpaWorld ( OSW ) Chief Executive Officer Leonard Fluxman.

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