Occidental said it entered into the March 3, 2025 Warrant Agreement Amendment, which temporarily reduces the exercise price of its publicly traded warrants to $21.30 from $22.00 if the warrants are exercised under the terms of the Offer to Exercise.

1. 01

   Occidental said it entered into the March 3, 2025 Warrant Agreement Amendment, which temporarily reduces the exercise price of its publicly traded warrants to $21.30 from $22.00 if the warrants are exercised under the terms of the Offer to Exercise.

2. 02

   The company said the Offer to Exercise began on March 3, 2025 and will end at 5 p.m. (Eastern Time) on March 31, and the company may extend it at its discretion. The company said warrants cannot be exercised at the reduced $21.30 exercise price after the expiration date.

3. 03

   The company said the amendment relates to the Warrant Agreement dated July 24, 2020, with Equiniti Trust Company, LLC serving as Warrant Agent, and that the warrant terms other than the price reduction remain unchanged and in effect.

4. 04

   The company said it filed a prospectus supplement on March 3, 2025 under its existing effective Form S-3 shelf registration statement (File No. 333-266420) covering shares of common stock issuable upon exercise of the warrants. It said the validity opinion from Cravath, Swaine & Moore LLP on those shares is attached as Exhibit 5.1.

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Original filing

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