Boost Run Announces 4M Warrants Exercised, Over $45M Raised
Boost Run provided an update on its capital markets initiatives, including recent activity under its public warrant exercise program. Since the closing of its business combination on May 8, the Company has received over $45M in gross cash proceeds from the exercise of its public warrants. To date, approximately 4M of the 11.47M public warrants issued have been exercised, leaving approximately 7.5M public warrants outstanding. The Company intends to use the net proceeds from the warrant exercises for general corporate purposes, including to support its strategic objectives and continued investment in AI cloud infrastructure and HPC capacity.