Attention, those of you who own Xerox Holdings Corp (XRX): XRX has announced a distribution of warrants to current owners of XRX stock. Stockholders of record as of February 9, 2026, will receive 1 warrant for every 2 shares of XRX owned. The distribution of the warrants was completed on February 12, 2026.
To illustrate how this will work, let’s hypothetically assume that you have 1000 shares of existing XRX stock. After the distribution, you will have received 500 warrants for XRX in addition to retaining the 1000 shares of XRX stock you previously owned. Each warrant will entitle the holder to purchase one share of XRX at a price of $8.
At this time, we recommend holding the XRX warrants. The warrants do not expire until 2028. We believe that it is in your best interest to hold the warrants and wait for the price of XRX to appreciate. If the price of XRX appreciates, we will have a number of different options to pursue with regard to the warrants, which will include selling them in the market.
AutoPilot Users: We have prepared and added a position, XRXDW, to your accounts to represent the warrants and to resolve any potential analyzer errors.
If you have any questions, please don’t hesitate to contact us at support@snideradvisors.com or 1-888-6-SNIDER. We will be happy to discuss the situation with you further.