Centennial Resource Development,Inc. (NASDAQ:SRAQU) Files An 8-K Other EventsItem 8.01. Other Events.
On February 27, 2017, Centennial Resource Development, Inc. (the “Company”) issued a press release announcing that it intends to deliver a notice for the redemption of all of its outstanding warrants originally sold as part of units in its initial public offering in February 2016 (the “Public Warrants”). As permitted under the warrant agreement that provides for the terms of the Public Warrants and further described in the press release, the Company intends to deliver the notice of redemption on March 1, 2017 and to require all holders of the Public Warrants to exercise such Public Warrants on a “cashless basis.” On March 31, 2017, all Public Warrants that have not been exercised will be redeemed by the Company at a price of $0.01 per Public Warrant.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits
The exhibit to this Current Report on Form 8-K is listed in the Exhibit Index, which appears at the end of this report and is incorporated by reference herein.