AMERI Holdings, Inc. (NASDAQ: AMRH), a specialized SAP® cloud, digital and enterprise solutions company, today announced that it had exchanged all remaining outstanding warrants that were issued as part of a financing in 2018 for shares of Ameri100’s common stock.

The 2018 Warrants had anti-dilution features such that the exercise price of the warrants had decreased to $0.30 from $1.20, and the number of warrants had increased from 4,400,334 to 18,206,897, of which 15,744,827 remained outstanding after giving effect to exercise of some of the warrants. These features had led to potential dilution to existing shareholders and comprised a significant barrier for potential new investors.

The company negotiated exchange agreements with the holders of the 15,744,827 outstanding 2018 Warrants, whereby all of such 2018 Warrants were exchanged for 10,234,136 new shares of Ameri100 common stock.

Brent Kelton, Ameri100’s Chief Executive Officer, said, “We believe that this warrant exchange benefits our shareholders and the company by creating a substantially cleaner balance sheet for the company and removing a significant financial overhang.”

About Ameri100

Ameri100 is a specialized SAP® cloud, digital and enterprise solutions company which provides SAP® services to customers worldwide. Headquartered in Suwanee, Georgia, Ameri100 has offices in the U.S. and Canada. The Company also has global delivery centers in India. With its bespoke engagement model, the Company delivers transformational value to its clients across industry verticals. For further information, visit www.ameri100.com