Kanye West Gets Gap Warrants in Yeezy Deal -- Market Talk
Kanye West Gets Gap Warrants in Yeezy Deal -- Market Talk
DJ Kanye West Gets Gap Warrants in Yeezy Deal -- Market Talk
10:00 ET - Gap says it issued warrants to buy up to 8.5M shares to Kanye West's Yeezy Supply as part of its design deal with the singer's label. Gap says the warrants vest and are exercisable in one-third increments based on sales targets of $250M, $450M and $700M during a fiscal year through FY25. Gap, which currently has about 373M shares outstanding, says the warrants expire 20 business days after it confirms its FY25 net sales. Gap jumps 39% to $14.19. (colin.kellaher@wsj.com)
(END) Dow Jones Newswires
June 26, 2020 10:01 ET (14:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
DJ Kanye West Gets Gap Warrants in Yeezy Deal -- Market Talk
DJ Kanye West在Yeezy交易中獲得Gap認股權證--市場傳言
10:00 ET - Gap says it issued warrants to buy up to 8.5M shares to Kanye West's Yeezy Supply as part of its design deal with the singer's label. Gap says the warrants vest and are exercisable in one-third increments based on sales targets of $250M, $450M and $700M during a fiscal year through FY25. Gap, which currently has about 373M shares outstanding, says the warrants expire 20 business days after it confirms its FY25 net sales. Gap jumps 39% to $14.19. (colin.kellaher@wsj.com)
美國東部時間上午10點-Gap表示，作為與Kanye West旗下品牌Yeezy Supply設計協議的一部分，它向Kanye West的Yeezy Supply發行了至多850萬股票的認股權證。Gap表示，在截至25財年的一個財年，基於2.5億美元、4.5億美元和7億美元的銷售目標，認股權證授予並可按三分之一的增量行使。Gap目前約有3.73億股流通股，該公司表示，這些認股權證將在確認其2015財年淨銷售額後20個工作日到期。Gap跳漲39%，報14.19美元。(colin.kellaher@wsj.com)
(END) Dow Jones Newswires
(完)道瓊通訊社
June 26, 2020 10:01 ET (14:01 GMT)
2020年6月26日東部時間10：01(格林尼治標準時間14：01)
Copyright (c) 2020 Dow Jones & Company, Inc.
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譯文內容由第三人軟體翻譯。
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