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Benzinga
Benzinga
Business
Akanksha Bakshi

Ampco-Pittsburgh Explores Financing Options

NYSE
  • Ampco-Pittsburgh Corp (NYSE:AP) is exploring the possibility of obtaining incremental capital.
  • It is also considering amending its outstanding Series A warrants to adjust either the exercise price or the number of shares for which such Series A warrants may be exercised.
  • Ampco-Pittsburgh intends to test the waters to evaluate potential forms of financing.
  • ​"We are exploring options for incremental liquidity, including potential transactions that may provide alternatives to our warrant holders, while helping us to capitalize on our accelerating sales order backlog and position ourselves for higher profitability," commented CEO Brett McBrayer.
  • Price Action: AP shares are trading lower by 0.70% at $6.36 on the last check Wednesday.
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