Power Solution Technology Public Company Limited (PSTC) announced the outcome of its PSTC-W4 warrant allocation, revealing that 246.186 million units were sold out of 1.125 billion offered to existing shareholders. The remaining 878.814 million unsold warrants will be cancelled.
This report provides transparency on the company's capital raising efforts and the market's reception to its warrant offering. The cancellation of a large number of warrants could impact future capital structure and potential dilution for shareholders.
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Power Solution Technology (PSTC) reported the results of its PSTC-W4 warrant sale, with a significant portion remaining unsold and subsequently cancelled.