Lindblad Expeditions Holdings is looking to sell its outstanding warrants to provide flexibility in funding future operations and simplify its business.
The Sven-Olof Lindblad-led company today began an exchange offer to turn 4.75 million public warrants and 5.34 million private warrants, held by shareholders, into 3.88 million shares.
The offer will provide 0.385 shares for every warrant at a price of $11.50
