AvePoint's Warrant Amendment Not Approved Due to Insufficient Consent

AvePoint's Warrant Amendment Not Approved as Consent Falls Short

In a recent development, AvePoint Inc. announced that its proposal to amend outstanding warrants did not receive the necessary approval. Only 9.1% of warrant holders consented to the amendment, falling short of the required 50.1% threshold. This decision was part of a broader Offer and Consent Solicitation initiated on August 27, 2024, as detailed in the Offer to Purchase and Schedule TO filed with the SEC.

The common stock and warrants of AvePoint are traded on the Nasdaq Stock Market under the symbols "AVPT" and "AVPTW," respectively. Evercore Group L.L.C. managed the Offer and Consent Solicitation, with Sodali & Co. serving as the Information Agent and Continental as the Warrant Agent.

About AvePoint
AvePoint is a global leader in data management and governance, supporting over 21,000 customers in modernizing their digital workplaces across platforms like Microsoft, Google, and Salesforce. With a robust global channel partner program, AvePoint’s solutions are accessible in more than 100 cloud marketplaces.

Forward-Looking Statements
The announcement includes forward-looking statements subject to risks and uncertainties. These statements are identified by terms like "believe," "expect," and "anticipate," and rely on current expectations. Factors such as industry changes, regulatory impacts, and market downturns could affect actual results. AvePoint advises reviewing their Annual and Quarterly Reports for more details on potential risks.

For more information, visit AvePoint's official website or contact their investor and media representatives.

Investor Contact
AvePoint
Jamie Arestia
ir@avepoint.com
(551) 220-5654

Media Contact
AvePoint
Nicole Caci
pr@avepoint.com
(201) 201-8143