JPMorgan Chase Adjusts Warrant Exercise Price and Share Number
JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking.
Recently, JPMorgan Chase & Co announced that in agreement with the terms of outstanding warrants to purchase common stock of the company, the warrant Exercise Price has been reduced from $41.834 per share down to $41.764 per share. Along with the adjustment to the warrant Exercise Price, the Warrant Share Number has increased from 1.01 to 1.02. These adjustments will go into effect at the close of business January 5, 2018. The adjustments were a result of the declaration of the quarterly dividend by the Board of Directors of JPMorgan Chase & Co.
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