Fusemachines amends Meteora warrant, removes $0.85 price floor and shortens term
On October 23, 2026, Fusemachines entered into an amendment with Meteora to its Shortfall Warrant, changing how the exercise price is set. The exercise price is now the average daily VWAP over the two trading days before a notice of exercise, and it is no longer tied to the Termination Price or a $0.85 minimum. The warrant now expires October 22, 2027 instead of October 22, 2028, and shareholders should note that the price is no longer subject to a floor.
Key points
- Exercise price changed from the greater of the Termination Price under the Forward Purchase Agreement and $0.85 per share to the average daily VWAP for the two scheduled trading days before the notice of exercise date
- Minimum exercise price no longer applies
- Warrant expiration moved to 5:00 p.m. New York City time on October 22, 2027, from October 22, 2028
- All other warrant terms remain in effect, per the filing
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.