09:00 AM EDT, 08/28/2024 (MT Newswires) -- Westrock Coffee ( WEST ) said Wednesday it is offering up to about 5.6 million common shares in exchange for its outstanding public and private placement warrants.

The company is offering all warrant holders 0.29 common shares for each outstanding warrant tendered and exchanged under the offer.

Westrock Coffee ( WEST ) said that concurrent with the offer, it is soliciting consent from warrant holders to amend the agreement governing all warrants to allow the company to require that each public warrant and private placement warrant outstanding upon the closing of the offer be exchanged for 0.261 common shares, a ratio 10% less than the exchange ratio applicable to the offer.

The offer and consent solicitation will expire at 5 p.m. ET on Sept. 26 unless extended, the company said.

Shares of Westrock Coffee ( WEST ) rose 11% in premarket activity on Wednesday.

Price: 9.44, Change: +0.93, Percent Change: +10.93