IRS-WT · IRSA Inversiones y Representaciones Sociedad Anónima WT

This 6-K filing serves as a time-sensitive operational notice to warrant holders regarding the imminent expiration of IRSA’s outstanding warrants. The notice confirms definitive, non-negotiable terms: each warrant converts into 1.6367 common shares at a fixed USD 0.2641 per-share exercise price, with no disclosed flexibility in pricing or timing beyond the stated May 11–12, 2026 window. The availability of the cashless net exercise modality—approved by shareholders on October 30, 2025—provides an alternative for holders lacking liquidity, but it remains strictly bounded: it requires payment only of ARS 1 per share (par value contribution) and, if ADSs are issued, BNY’s USD 0.05 per-ADS fee. Critically, the filing explicitly warns that intermediaries may enforce earlier internal deadlines, introducing execution risk for holders relying solely on the official expiration date. While no new capital raise, dilution event, or corporate action is initiated here, the notice triggers near-term share issuance and potential ADS conversion activity, affecting share count, float, and potentially liquidity dynamics in both BYMA and NYSE markets. Investors holding warrants—or monitoring IRSA’s capital structure—must act before May 12 or confirm intermediary-specific cutoffs to preserve rights.