- Approximately 3.75 million public warrants remain
unexercised as of December 14, 2021
- Deadline for cashless redemption of public warrants is 5:00
p.m. ET on December 29, 2021
AerSale Corporation (Nasdaq: ASLE) (“AerSale” or the “Company”)
today announced that as of December 14, 2021, approximately 13.5
million of the total approximately 17.25 million outstanding public
warrants (“Public Warrants”) to purchase shares of AerSale’s common
stock (the “Common Stock”) that were issued under the Warrant
Agreement, dated as of February 6, 2019 (the “Warrant Agreement”),
by and between the Company (f/k/a Monocle Acquisition Corporation),
and Continental Stock Transfer & Trust Company, as warrant
agent (the “Warrant Agent”), had been exercised since the Company’s
announcement on November 29, 2021 of the cashless redemption of the
Public Warrants.
The Public Warrants were originally issued in connection with
the Company’s initial public offering in February 2019 (the “IPO”).
As previously announced on November 29, 2021, the Company provided
notice to the holders of Public Warrants that such Public Warrants
will be redeemed on December 29, 2021 (the “Redemption Date”) for a
Redemption Price of $0.01 per Public Warrant, in accordance with
their terms. Holders of the Public Warrants have until 5:00 p.m.
Eastern Time on December 29, 2021 to exercise their Public
Warrants, which may be done only on a cashless basis. Warrants to
purchase Common Stock that were issued under the Warrant Agreement
in a private placement simultaneously with the IPO are not subject
to this redemption.
As a courtesy, AerSale would like to remind any remaining
holders of Public Warrants that if any of the remaining
approximately 3.75 million Public Warrants are not exercised prior
to 5:00 p.m. Eastern Time on December 29, 2021, such unexercised
Public Warrants will be delisted, void and no longer exercisable,
and the holders will have no rights with respect to those Public
Warrants, except to receive the Redemption Price of $0.01 per
Public Warrant. The Public Warrants will cease trading on Nasdaq at
5:00 p.m. Eastern Time on the Redemption Date.
If you hold Public Warrants, you may need to take action before
December 29, 2021. Please see our warrant redemption FAQ document
for further information.
None of AerSale, its board of directors, officers or employees
has made or is making any representation or recommendation to any
holder of the Public Warrants as to whether to exercise or refrain
from exercising any Public Warrants.
The shares of common stock underlying the Public Warrants have
been registered by the Company under the Securities Act of 1933, as
amended, and are covered by a registration statement filed on Form
S-1, as amended, with, and declared effective by, the Securities
and Exchange Commission (Registration No. 333-252703). Exercise of
Public Warrants should be directed through the broker of the
warrant holder. In addition to the broker, questions may also be
directed to Morrow Sodali at (800) 662-5200 (for individuals) /
(203) 658-9400 (for banks and brokerages) or at
ASLE@investor.morrowsodali.com. Or contact Continental Stock
Transfer & Trust Company, One State Street, 30th Floor, New
York, New York 10004, Attention: Compliance Department, Telephone
Number (212) 509-4000.
Additional information can be found on AerSale’s Investor
Relations website: https://ir.aersale.com/
About AerSale
AerSale serves airlines operating large jets manufactured by
Boeing, Airbus and McDonnell Douglas and is dedicated to providing
integrated aftermarket services and products designed to help
aircraft owners and operators to realize significant savings in the
operation, maintenance and monetization of their aircraft, engines,
and components. AerSale’s offerings include: Aircraft &
Component MRO, Aircraft and Engine Sales and Leasing, Used
Serviceable Material sales, and internally developed ‘Engineered
Solutions’ to enhance aircraft performance and operating economics
(e.g. AerSafe™, AerTrak™, and now AerAware).
No Offer or Solicitation
This communication does not
constitute an offer to sell or the solicitation of an offer to buy
any securities or a solicitation of any vote or approval, nor shall
there be any sale of any securities in any state or jurisdiction in
which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
other jurisdiction.
Forward Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including without
limitation statements regarding our anticipated financial
performance; our growth trajectory; the impact of investments in
our Boeing 757 program on our financial performance; our ability to
sell our aircraft on the timelines we anticipate; the expected
operating capacity of our MRO facilities; the expected commencement
date of sales of our AerAware product; and our anticipated revenue
split between our two segments. AerSale’s actual results may differ
from their expectations, estimates and projections and
consequently, you should not rely on these forward looking
statements as predictions of future events. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. Many factors
could cause actual future events to differ materially from the
forward-looking statements in this presentation, including without
limitation, the impact of the COVID-19 pandemic; factors adversely
impacting the commercial aviation industry; the fluctuating market
value of our products; our ability to repossess mid-life commercial
aircraft and engines; our ability to comply with stringent
government regulation; the shortage of skilled personnel, including
as a result of work stoppages; the highly competitive nature of the
markets in which we operate; and risks associated with our
international operations. You should carefully consider the
foregoing factors and the other risks and uncertainties described
in the “Risk Factors” section of the Company's most recent Annual
Report on Form 10-K filed with the Securities and Exchange
Commission ("SEC"), and its other filings with the SEC, including
its subsequent quarterly reports on Form 10-Q. These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and AerSale Corporation assumes no obligation and does not intend
to update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise, except as
required by law.
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Media: For more information about AerSale, please visit
our website: www.AerSale.com. Follow us
on: LinkedIn | Twitter | Facebook | Instagram
AerSale: Craig Wright Telephone: (305) 764-3200
Email: media.relations@aersale.com
Investors: AerSale: AersaleIR@icrinc.com
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