What is a warrants offering?
A warrant allows existing shareholders to buy additional stock at a fixed price, otherwise known as the exercise price. Warrants typically have a longer duration until expiration, unlike other voluntary corporate actions, and may not expire for several years. Current shareholders will receive a notice via mail or email with the terms of the offer and the expiration date for instruction. OXY shareholders have received a temporary placeholder, OXYWS, outside of their Pie for this warrant offering.
You can let your warrants expire, liquidate your warrants, or request to exercise your warrants.
Let Warrants Expire
To let your warrants expire, no further action is needed by you. The temporary placeholder for these rights (OXYWS) will be removed from your account once the deadline for the offering passes, which is 8/3/2027.
Exercise My Warrants
Here is the information available for the OXY warrants offering:
TERMS:
EXPIRATION DATE: 08/03/2027
- OPT 1: EXERCISE 1 WARRANT = ONE (1) SHARE OF OCCIDENTAL PETE CORP (SYMBOL: OXY; CUSIP: 674599105) AT $22.00 PER SHARE.
NOTE: THE EVENT WILL STAY OPEN FOR EXERCISE AND WILL REMAIN OPEN IF THE UNDERLYING SHARES REMAINS ABOVE $22.00 PER SHARE. FUNDS MUST BE AVAILABLE IN THE ACCOUNT.
If you would like to proceed and exercise your warrants, please contact us and let us know which option you would like to proceed with. From there, we will be able to assist you with your request.
Requests made 1-2 business days before the expiration date of 8/3/2027 are processed on a best-efforts basis.
Please note that there is a $50 fee per account in which the warrants offering is exercised.