Sentinel Energy Services Inc. Announces Public Warrantholder Approval of Amendment to Warrant Agreement
12 Dicembre 2019 - 8:39PM
Sentinel Energy Services Inc. (the “Company” or “Sentinel”) today
announced that its public warrantholders approved an amendment to
the warrant agreement (the “Warrant Agreement Amendment”) that
governs all of the Company’s outstanding warrants at a special
meeting of the Company’s public warrantholders held on December 9,
2019. The Warrant Agreement Amendment provides that each of
the Company’s outstanding public warrants will automatically
convert into the right to receive $0.02 per whole public warrant on
such date as determined by the Company. The Company expects that it
will pay $0.02 for each outstanding public warrant on or about
December 17, 2019, following which the Company will have no
warrants outstanding. The Company intends to continue to evaluate
appropriate transaction opportunities.
Information Concerning Forward-Looking
Statements
This press release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. When used in this press release, the words
“could,” “should,” “will,” “may,” “believe,” “anticipate,”
“intend,” “estimate,” “expect,” “project,” the negative of such
terms and other similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain such identifying words. Such forward-looking
statements are based on current information and expectations,
forecasts and assumptions, and involve a number of judgments, risks
and uncertainties. Accordingly, forward-looking statements should
not be relied upon as representing the Company’s views as of any
subsequent date, and the Company does not undertake any obligation
to update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of
new information, future events or otherwise, except as may be
required under applicable securities laws. You should not place
undue reliance on these forward-looking statements. As a result of
a number of known and unknown risks and uncertainties, actual
results or performance may be materially different from those
expressed or implied by these forward-looking statements.
CONTACT:
Kent Jamison700 Louisiana Street, Suite 2700Houston, Texas
77002(281) 407-0686
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