Power Solution Technology Public Company Limited (PSTC) announced the outcome of its PSTC-W4 warrant offering to existing shareholders who subscribed to convertible debentures. Only 246.186 million out of 1.125 billion warrants were sold, with the remaining 878.814 million units cancelled.
This outcome indicates a lower-than-expected take-up rate for the warrants, potentially impacting PSTC's capital structure and future funding plans. The cancellation of a large number of warrants could affect the company's equity base and investor sentiment.
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Power Solution Technology Public Company Limited (PSTC) reported that a large portion of its PSTC-W4 warrants remained unsubscribed.