Summary
Capital One Financial Corporation (COF) has filed an 8-K report to announce the upcoming expiration of its publicly traded warrants. These warrants, which allow holders to purchase common stock, are set to expire on November 14, 2018. Investors holding these warrants are reminded that they must exercise them before the expiration date to receive shares. The New York Stock Exchange will suspend trading in these warrants on November 12, 2018, further emphasizing the limited timeframe for action.
Key Highlights
- 1Publicly traded warrants to purchase COF common stock are expiring on November 14, 2018.
- 2Warrant holders must exercise their warrants before the November 14, 2018 expiration date.
- 3The New York Stock Exchange will suspend trading of the warrants before the market opens on November 12, 2018.
- 4Warrants not exercised by the Depository Trust & Clearing Corporation's (DTCC) cutoff time on November 14, 2018, will expire worthless.
- 5Holding unexercised warrants past the expiration date will result in the forfeiture of any claim to common stock.
- 6The filing serves as an official notification and reminder to all warrant holders.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally notify warrant holders that Capital One Financial Corporation's publicly traded warrants are approaching their expiration date of November 14, 2018, and to remind them of the necessary actions required to exercise these warrants.
The warrants must be exercised prior to the Depository Trust & Clearing Corporation's (DTCC) cutoff time on November 14, 2018. Trading of the warrants will be suspended on the NYSE before the opening of trading on November 12, 2018, so holders should not wait until the last day to exercise.
If you do not exercise your warrants by the DTCC's cutoff time on November 14, 2018, they will expire and become void. You will not receive any shares of Capital One's common stock, and the warrants will have no further value.
The New York Stock Exchange (NYSE) has notified Capital One that it will suspend trading in the warrants before the opening of trading on November 12, 2018.