ANAP Holdings has corrected a glaring number in its May warrant-exercise update. The company now says shares delivered during May from exercises of its ninth warrant series were 1,330,000, not 50,000,000 as stated in the first version of the notice. The count of warrants exercised did not change, remaining 13,300, or 2.7% of the 500,000 warrants issued.
| Item | Initial notice | Corrected notice |
|---|---|---|
| Shares delivered in May | 50,000,000 | 1,330,000 |
| Warrants exercised in May | 13,300 | 13,300 |
| Exercise ratio vs total warrants issued | 2.7% | 2.7% |
| Unexercised warrants at notice date | 476,500 | 476,500 |
The fix matters because the original mix of 13,300 exercised warrants and 50 million delivered shares implied a very different burst of issuance. In the initial notice, ANAP's exercise-limit section had already shown 1,330,000 aggregate delivered shares and a 2.9% exercise-limit ratio against 45,874,400 listed shares at the payment date. The correction replaces the outlier 50 million figure with that same 1.33 million total.
What did not change is also worth noting. ANAP still says 476,500 warrants in the ninth series were unexercised at the time of the notice. The company apologised to shareholders, investors and other related parties, but did not explain how the 50 million-share figure appeared in the first place.
So the clean takeaway is this: ANAP's May disclosure should now be read as 1.33 million shares delivered from ninth-series warrant exercises, not 50 million. Any broader dilution analysis still needs the underlying warrant terms and capital-structure context beyond what these notices provide.