Cassava Sciences, Inc. (SAVA) has announced the redemption of all outstanding public warrants (SAVAW), with a redemption amount of $0.001 per warrant to be distributed on May 7, 2024. The warrants will cease trading on the Nasdaq Stock Exchange on May 2, 2024, and must be exercised by 5:00 p.m. New York City time on May 6, 2024, to avoid redemption. Following the adjustment of Cassava Sciences options on December 21, 2023, the new deliverable per contract will include 100 common shares of SAVA and $0.04 cash, reflecting the warrant redemption amount. The Options Clearing Corporation (OCC) has provided details on the settlement procedures and further adjustments to the options, which will take effect on May 7, 2024. The OCC has also issued a disclaimer regarding the accuracy and completeness of the information memo and advised investors to independently verify the corporate event details.

Cassava Sciences, Inc. (SAVA) has announced the redemption of all outstanding public warrants (SAVAW), with a redemption amount of $0.001 per warrant to be distributed on May 7, 2024. The warrants will cease trading on the Nasdaq Stock Exchange on May 2, 2024, and must be exercised by 5:00 p.m. New York City time on May 6, 2024, to avoid redemption. Following the adjustment of Cassava Sciences options on December 21, 2023, the new deliverable per contract will include 100 common shares of SAVA and $0.04 cash, reflecting the warrant redemption amount. The Options Clearing Corporation (OCC) has provided details on the settlement procedures and further adjustments to the options, which will take effect on May 7, 2024. The OCC has also issued a disclaimer regarding the accuracy and completeness of the information memo and advised investors to independently verify the corporate event details.