Ambac Financial Group, Inc. (NASDAQ:AMBC) Files An 8-K Regulation FD Disclosure

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Ambac Financial Group, Inc. (NASDAQ:AMBC) Files An 8-K Regulation FD Disclosure
Item 7.01.Regulation FD Disclosure

As described in the Confidential Offering Memorandum, Proxy Solicitation Statement and Notice of Special Meeting, holders of Auction Market Preferred Shares (“AMPS”) participating in the exchange offer will receive Ambac Assurance Corporation’s (“AAC”) 5.1% Surplus Notes due 2020 held by AAC (the “Senior Surplus Notes”), and from Ambac Financial Group, Inc. ("AFG") cash and warrants to purchase an equivalent number of shares of common stock. The factored principal amount of $13,875.00 of Senior Surplus Notes (including accrued and unpaid interest through June 22, 2018) that comprises a portion of the consideration is equivalent to a non-factored principal amount of $12,933.158416 after applying the principal factor and the interest accrual factor. The total Senior Surplus Note consideration on a non-factored principal basis for a particular holder will be rounded down to the nearest whole dollar.

The information included in this Item 7.01 shall be deemed “filed” for purposes of Section 18 of the Exchange Act.

This Form 8-K is not an offer to exchange or a solicitation or acceptance of an offer to exchange any securities, which may be made only to the terms and conditions of the Offering Memorandum, nor is this Form 8-K an offer to buy or a solicitation or acceptance of an offer to buy any securities. In addition, this Form 8-K is not a solicitation of any proxies from holders of AMPS.