Summary
JPMorgan Chase & Co. (JPM) filed an 8-K report on January 2, 2015, announcing a significant adjustment to its outstanding common stock warrants. Effective January 6, 2015, the exercise price for these warrants will be reduced to $42.377 per share. This adjustment is being made in accordance with the terms outlined in the warrant agreements themselves.
Key Highlights
- 1JPMorgan Chase & Co. announced a reduction in the exercise price for its outstanding common stock warrants.
- 2The new exercise price will be $42.377 per share.
- 3This price reduction becomes effective at the close of business on January 6, 2015.
- 4The adjustment is made in accordance with the existing terms of the warrant agreements.
- 5The filing includes a press release dated January 2, 2015, as an exhibit, detailing this announcement.