Altus Power Announces Automatic Conversion of 201,250 of Its Alignment Shares

Source: www.gulfoilandgas.com 4/6/2022, Location: North America

Altus Power, Inc., a leading clean electrification company, announced that 201,250 of its Alignment Shares automatically converted into 2,011 shares of Class A Common Stock. The shares will begin trading on the New York Stock Exchange (“NYSE”) on April 11, 2022.

The conversion occurred automatically and without any action on the part of the shareholders pursuant to Altus Power’s Third Amended and Restated Certificate of Incorporation. Altus Power does not expect the conversion to have any material effect on its future operations.

Following the automatic conversion, there were 153,650,841 shares of the Company’s Class A Common Stock outstanding and 1,207,500 of the Company’s Alignment Shares outstanding. The CUSIP number of the NYSE-listed Class A Common Stock is 02217A 102.


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