Tidewater says its two series of equity warrants will start trading this week on the New York Stock Exchange subject to applicable listing standards.
The offshore vessel owner issued 2.4 million Series A warrants and 2.6 million Series B warrants to its equity shareholders as part of its Chapter 11 restructuring plan.
The warrants give the holder the right to purchase one share of Tidewater's common stock at $57 and $62, respectively, through July 2023.
