Amprius Technologies,. (“Amprius” or the “Company”) a leader in silicon anode lithium-ion batteries, today announced agreements with certain institutional holders of its public warrants (the “Public Warrants”), each of which is exercisable to purchase one share of common stock of the Company, par value $0.0001 per share (“Common Stock”), at an exercise price of $11.50 (the “Exercise Price”) per Public Warrant, to exchange such Public Warrants for shares (the “Shares”) of Common Stock (the “Exchanges”).
“We’re pleased to continue optimizing our capital structure through today’s announced warrant exchange,” said Ricardo C. Rodriguez, Amprius’ Chief Financial Officer. “This is an important milestone that we believe improves the technicals of our stock and proactively minimizes dilution as we drive our business forward in the most capital efficient way possible. We very much appreciate the collaboration of these top institutional holders as we worked through this.”
In the Exchanges, the Company will issue a number of shares in exchange for 7,128,458 Public Warrants, equal to the number of Public Warrants exchanged multiplied by the quotient of (a) the sum of:
- the average volume-weighted average price of the Common Stock over a period of four consecutive trading days (the “Average VWAP”),
- plus $0.35,
- minus the Exercise Price
Divided by (b) the Average VWAP. The closing of the Exchanges is expected to occur on May 18, 2026, and is subject to customary closing conditions. The Public Warrants were initially issued pursuant to an agreement dated March 1, 2022 between the Company (f/k/a Kensington Capital Acquisition Corp. IV) and Continental Stock Transfer & Trust Company as warrant agent and would otherwise expire in September 2027.
Baker & McKenzie LLP is serving as the Company’s legal counsel.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. is a leader in advanced lithium-ion battery technology, delivering high-energy and high-power silicon-anode batteries with up to twice the energy density, range, and flight time of conventional graphite-based cells. Headquartered in Fremont, California, Amprius operates an R&D lab and pilot manufacturing facility for silicon anodes and cells. To support scalable production, the Company employs a contract manufacturing strategy, enabling rapid capacity expansion with minimal capital investment. Committed to driving innovation in energy storage, Amprius powers next-generation applications in aerospace, defense, and mobility. For additional information, please visit amprius.com and the Company’s
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