Summary by Moomoo AI
Cassava Sciences, Inc. has announced the redemption of all its outstanding public warrants (SAVAW), with the settlement shifting from Continuous Net Settlement (CNS) to a broker-to-broker basis starting May 3, 2024. The redemption will be effective on May 7, 2024, with warrants not exercised by the deadline of May 6, 2024, being redeemed at $0.001 each. The last trading day for SAVAW on the Nasdaq Stock Exchange is May 2, 2024. Following the redemption, adjustments to Cassava Sciences options will occur, with the new deliverable per contract consisting of 100 common shares and $0.04 cash. The adjustments are based on decisions made by the Options Clearing Corporation (OCC) in accordance with their by-laws.
