Swiss Water Secures Warrant Purchase from Mill Road Capital
Swiss Water Announces Strategic Agreement with Mill Road Capital
Swiss Water Decaffeinated Coffee Inc. (TSX:SWP) is thrilled to share that it has struck a deal with Mill Road Capital II, L.P. to procure the outstanding share purchase warrant held by Mill Road. This warrant enables Mill Road to purchase up to 2,250,000 common shares of Swiss Water, at a set exercise price of $3.33 per share. This warrant is set to expire on April 30, 2026, and the agreed purchase price for this warrant totals $675,000. The completion of this transaction is anticipated shortly.
Implications for Shareholders
Mr. Frank Dennis, the President and CEO of Swiss Water, expressed his optimism regarding this agreement, saying, "The cancellation of the Warrants removes an overhang on the share price trading and will permit the shares to trade without this influence going forward. We believe that shareholders will also benefit from the clarity being provided on the share ownership and wide distribution of the Company's shares. Swiss Water appreciates the constructive approach that Mill Road Capital has taken to these discussions to achieve an outcome that the Board believes is in the best interests of shareholders.”
Benefits to the Company
This strategic move significantly enhances the clarity regarding share ownership for current and prospective shareholders. By alleviating the potential negative impact of the warrants on share price, Swiss Water is solidifying its position in the market, encouraging greater interest and investment.
About Swiss Water Decaffeinated Coffee Inc.
Swiss Water stands out as a premier specialty coffee company and a leading operator in the green coffee decaffeination sector. It employs the unique Swiss Water Process to decaffeinate green coffee without the use of harsh chemical solvents, ensuring high quality. Additionally, Swiss Water controls Seaforth Supply Chain Solutions Inc., a business dedicated to green coffee handling and storage. Both enterprises are based in Delta, British Columbia, Canada, and focus on providing exceptional value to coffee lovers worldwide.
Contact Information
For further inquiries, individuals are encouraged to reach out to:
Iain Carswell, Chief Financial Officer
Swiss Water Decaffeinated Coffee Inc.
Phone: 1-604-420-4050
Email: investor-relations@swisswater.com
Website: investor.swisswater.com
Frequently Asked Questions
What is the significance of the warrant purchase?
The purchase of the warrant from Mill Road helps eliminate potential downward pressure on Swiss Water's share price, enabling healthier trading conditions moving forward.
When is the expected completion date for the transaction?
The completion of the warrant purchase is anticipated to take place shortly after the announcement, around July 3, 2025.
What are the terms of the purchase?
Mill Road possesses a warrant allowing it to acquire 2,250,000 shares at an exercise price of $3.33 per share before April 30, 2026. Swiss Water has agreed to pay $675,000 for this warrant.
What is the Swiss Water Process?
The Swiss Water Process is a patented method of decaffeinating green coffee that eschews the use of harsh chemical solvents, making it a favorite among health-conscious consumers.
How can I reach Swiss Water for further questions?
Interested parties can contact Iain Carswell at 1-604-420-4050 or via email at investor-relations@swisswater.com for additional information.
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