Amprius Technologies Enters Agreements for Public Warrant Exchanges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Source: Newsfilter
- Public Warrant Agreement: Amprius Technologies has entered into agreements with certain institutional holders to exchange 7,128,458 public warrants for 2,726,631 shares of common stock at an exercise price of $11.50 each, indicating a proactive approach to optimizing its capital structure.
- Significant Share Reduction: This transaction will result in 62% fewer shares being issued compared to a physical exercise of the warrants, which not only mitigates the risk of equity dilution but may also enhance value for existing shareholders.
- Transaction Timeline: The closing of the exchanges is expected to occur on May 18, 2026, subject to customary closing conditions, providing investors with a clear timeline that enhances market confidence.
- Advisory Support: William Blair and TD Cowen are acting as joint financial advisors, while Baker & McKenzie LLP serves as legal counsel for the company, indicating Amprius's commitment to professional support to ensure the smooth execution of the transaction.
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Analyst Views on AMPX
Wall Street analysts forecast AMPX stock price to fall
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 20.850
Low
17.00
Averages
19.00
High
20.00
Current: 20.850
Low
17.00
Averages
19.00
High
20.00
About AMPX
Amprius Technologies, Inc. develops, manufactures and markets lithium-ion batteries for mobility applications, including the aviation, electric vehicle (EV) and light electric vehicle (LEV) industries. The Company’s commercially available SiMaxx batteries deliver up to 450 Wh/kg and 1,150 Wh/L, with third-party validation of 500 Wh/kg and 1,300 Wh/L. Its batteries are primarily used for existing and emerging aviation applications, including unmanned aerial systems (UAS), such as drones and high-altitude pseudo satellites (HAPS). It offers high-performance silicon anode batteries under product platforms: SiCore and SiMaxx. Its SiCore batteries are based on an innovative, proprietary silicon anode material system delivering high-energy-density silicon anode batteries that surpass current graphite cell performance. Its SiMaxx high-energy battery cells are designed to maximize specific energy for applications with low power requirements.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Transaction Timeline: The closing of these warrant exchanges is expected on May 18, 2026, pending standard conditions, providing a clear path for capital structure adjustments that may enhance investor confidence in the company's future.
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See More
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- Public Warrant Agreement: Amprius Technologies has entered into agreements with certain institutional holders to exchange 7,128,458 public warrants for 2,726,631 shares of common stock at an exercise price of $11.50 each, indicating a proactive approach to optimizing its capital structure.
- Significant Share Reduction: This transaction will result in 62% fewer shares being issued compared to a physical exercise of the warrants, which not only mitigates the risk of equity dilution but may also enhance value for existing shareholders.
- Transaction Timeline: The closing of the exchanges is expected to occur on May 18, 2026, subject to customary closing conditions, providing investors with a clear timeline that enhances market confidence.
- Advisory Support: William Blair and TD Cowen are acting as joint financial advisors, while Baker & McKenzie LLP serves as legal counsel for the company, indicating Amprius's commitment to professional support to ensure the smooth execution of the transaction.
See More
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See More
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- New Additions: FTSE Russell's preliminary list indicates that Conduent, Energous, Ageagle Aerial Systems, Sidus Space, and Forward Industries are set to be added to the Russell Microcap Index, which is expected to enhance these companies' market visibility and investment appeal.
- Removals: Conversely, Redwire, Blue Bird, Amprius, Astronics, and Tutor Perini are slated for removal from the index, which may lead to decreased liquidity for these companies and potentially impact their stock performance negatively.
- Adjustment Timeline: The changes to the Microcap Index will take effect after US equity markets close on Friday, June 26, prompting investors to pay close attention to this date for potential adjustments in their investment strategies.
- Market Reaction Expectations: As space stocks continue to gain momentum due to optimism surrounding SpaceX's public debut, the market's response to the newly added companies could further drive their stock performance, especially given the sustained positive sentiment towards the space industry.
See More
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- Investigation Background: Block & Leviton is investigating Amprius Technologies (NYSE:AMPX) for potential securities law violations, as the stock fell nearly 6% following a May 20, 2026 report, indicating market concerns over financial transparency.
- Exaggerated Orders: The Manatee Research report alleges that Amprius exaggerated customer orders and overstated the quality and scale of its contract manufacturing network, relying on aggressive bill-and-hold revenue arrangements, which could undermine investor confidence.
- Partner Risks: The report also highlights that Amprius's manufacturing partners include troubled or unproven entities, particularly a Chinese supplier, Berzelius, linked to the former CEO and current director, potentially affecting the company's reputation and future partnerships.
- Investor Action Advice: Block & Leviton encourages all investors who have lost money in Amprius to contact them to learn how to potentially recover losses through legal action, demonstrating a commitment to protecting investor rights.
See More
Amprius Cells Power Matternet's Drone Delivery Aircraft
- Strategic Collaboration: Amprius and Matternet have formed a strategic partnership to enhance drone delivery performance using high-energy density silicon anode batteries, aiming for improved economic efficiency and operational effectiveness in Matternet's future drone platforms.
- Battery Performance Advantage: Amprius' silicon anode cells deliver up to twice the energy density of conventional graphite batteries, a critical advantage in aviation that directly impacts drone range, payload capacity, and overall economics.
- Commercial Operations Expansion: By optimizing the battery system to fit Matternet's aircraft architecture and delivery network, the partnership is expected to improve aircraft availability, expand service areas, and reduce cost per delivery, supporting Matternet's growth plans.
- Future Production Readiness: With Amprius cells already integrated into Matternet's M2 fleet, both companies are focused on deeper integration for the next-generation platform, targeting volume production readiness by early 2027 to support fleet expansion.
See More
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- Warrant Agreement Finalized: Amprius Technologies has reached agreements with certain public warrant holders, allowing them to purchase shares at an exercise price of $11.50 each, with the exchange of 7.13 million warrants for 2.73 million shares resulting in a 62% reduction in shares issued, thereby mitigating shareholder dilution risk.
- Transaction Timeline: The closing of these warrant exchanges is expected on May 18, 2026, pending standard conditions, providing a clear path for capital structure adjustments that may enhance investor confidence in the company's future.
- Revenue Forecast Increase: Amprius forecasts at least $130 million in revenue for 2026, indicating strong market demand and growth potential while advancing the warrant exchange, further solidifying its position in the battery technology sector.
- Quarterly Performance Update: Although Amprius reported mixed results for Q1 2026, the company updated its FY26 outlook, demonstrating proactive strategies in addressing market challenges and optimizing its capital structure.
See More
Amprius Technologies Enters Agreements for Public Warrant Exchanges
- Public Warrant Agreement: Amprius Technologies has entered into agreements with certain institutional holders to exchange 7,128,458 public warrants for 2,726,631 shares of common stock at an exercise price of $11.50 each, indicating a proactive approach to optimizing its capital structure.
- Significant Share Reduction: This transaction will result in 62% fewer shares being issued compared to a physical exercise of the warrants, which not only mitigates the risk of equity dilution but may also enhance value for existing shareholders.
- Transaction Timeline: The closing of the exchanges is expected to occur on May 18, 2026, subject to customary closing conditions, providing investors with a clear timeline that enhances market confidence.
- Advisory Support: William Blair and TD Cowen are acting as joint financial advisors, while Baker & McKenzie LLP serves as legal counsel for the company, indicating Amprius's commitment to professional support to ensure the smooth execution of the transaction.
See More
Amprius Technologies Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Amprius Technologies reported Q1 2026 revenue of $28.5 million, representing a 2.5x year-over-year increase and a 13% sequential rise, prompting the company to raise its full-year revenue guidance to at least $130 million, exceeding the previous forecast by $5 million.
- Strong Customer Orders: The company announced a $21 million multi-quarter battery purchase order from a leading light electric vehicle customer in China, indicating robust demand for its silicon anode batteries and enhancing visibility into future purchase orders.
- Contract Expansion: The Defense Innovation Unit (DIU) contract was expanded for the third time this quarter, now totaling $18.1 million, which adds delivery of three types of silicon anode cylindrical cells and four standard-sized pouch cells, highlighting the company's ongoing growth potential in the defense sector.
- Capital Structure Optimization: The company announced an agreement to exchange outstanding public warrants for common shares, which is expected to save shareholders at least $70 million in dilution, thereby enhancing the company's financial stability.
See More
