Bradbury Capital Inc. filed a Form 6-K on November 2, 2026, disclosing an adjustment to the exercise price of its publicly traded warrants, effective after the close of trading on October 30, 2026.

Key Highlights

  • Exercise price reduced: The warrant exercise price was adjusted from $11.50 per share to $9.20 per share, representing 115% of the Newly Issued Price.
  • Redemption trigger lowered: The redemption trigger price under Section 6.1 of the Warrant Agreement was adjusted from $18.00 per share to $14.40 per share, representing 180% of the Newly Issued Price.
  • Warrants affected: The adjustments apply to 12,450,721 publicly traded warrants exercisable to purchase ordinary shares with a par value of $0.0001 per share.
  • Newly Issued Price: The Company issued ordinary shares at an effective issue price of $8.00 per share for capital raising purposes in connection with the Business Combination consummated on October 6, 2026.
  • Market Value determination: The volume-weighted average trading price over the twenty trading days starting prior to the Business Combination date was determined to be $5.09 per share, below the Newly Issued Price of $9.20.
  • Gross proceeds threshold: According to the filing, aggregate gross proceeds from the share issuances represented more than 60% of the total equity proceeds available for funding the Business Combination, net of redemptions.

Warrant Adjustment Details Following Bradbury Capital's October 2026 Business Combination

According to the filing, the warrant adjustments were effected pursuant to Section 4.6 of the Warrant Agreement, originally dated January 14, 2022, between Technology & Telecommunication Acquisition Corporation ("TETE") and Continental Stock Transfer & Trust Company as warrant agent. That agreement was assumed by Bradbury Capital Inc. through a Warrant Termination, Assignment, Assumption and Amendment Agreement dated October 6, 2026, the same date the Business Combination among TETE, TETE Technologies Inc., and Bradbury Capital Holdings Inc. was consummated.

The filing identifies three conditions that triggered the adjustments. First, the company disclosed that it issued ordinary shares at an effective price of $8.00 per share, which is less than $9.20 per share. Second, the aggregate gross proceeds from those issuances exceeded 60% of total equity proceeds available for the Business Combination, net of redemptions. Third, the filing states that the Market Value - defined as the volume-weighted average trading price over the twenty trading days beginning on the day prior to the Business Combination closing - was determined to be $5.09 per share, which is below the $9.20 Newly Issued Price.

The Company notified warrant holders of the adjustments on November 2, 2026, and also issued a press release on the same date. The Warrant Adjustment Notice is filed as Exhibit 99.1 and the press release as Exhibit 99.2, both incorporated by reference into the Form 6-K. The filing was signed by Loo See Yuen, Chief Executive Officer and Director of Bradbury Capital Inc. The company trades on a U.S.-listed exchange under Commission File Number 001-43500.

What Was Disclosed

Bradbury Capital Inc. disclosed via Form 6-K that it adjusted the exercise price on 12,450,721 public warrants from $11.50 to $9.20 per share and lowered the redemption trigger from $18.00 to $14.40 per share, effective October 30, 2026, following conditions triggered by its October 6, 2026 Business Combination.