Following the material fact released on February 17, 2021, the Company announced the definitive subscription price for each new ADS or common share in the proposed offering of US$4.72 and US$0.472, respectively.
The Company announced that warrants that holders will receive, free of charge, for each new common share purchased, will have an exercise price of US$0.566. The warrants will be exercisable after 90 days following their issuance, prior to their expiration on the fifth anniversary of their issue date, during the nine-day period from and including the 17th through the 25th day of each February, May, September and November (to the extent such dates are business days in New York City and in the City of Buenos Aires). Each warrant will entitle the holder thereof to purchase one additional common share.
The subscription period for the rights to acquire ADSs will expire on March 2, 2021 and for common shares on March 5, 2021, unless extended by the Company.