Amprius Technologies prices warrant exchange for common stock

Amprius Technologies Inc. (NYSE: AMPX) announced pricing details for its previously disclosed exchange of public warrants for common stock shares. The battery technology company will issue 2,726,631 shares in exchange for 7,128,458 public warrants held by institutional investors.

The exchange will result in 62% fewer shares issued compared to a physical exercise of the warrants, according to the company's statement. Each public warrant carries an exercise price of $11.50 and is exercisable to purchase one share of common stock with a par value of $0.0001 per share.

The transaction is expected to close on May 18, 2026, subject to customary closing conditions. William Blair and TD Cowen served as joint financial advisors for the exchange, while Baker & McKenzie LLP acted as legal counsel for Amprius. Goodwin Procter LLP represented the financial advisors.

Amprius, based in Fremont, California, develops silicon anode lithium-ion batteries for aerospace, defense and mobility applications. The company operates research and development facilities and uses a contract manufacturing strategy for production scaling.

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