Boost Run announced that it has received over $45 million in gross cash proceeds from the exercise of its public warrants. The company said the proceeds support its capital markets initiatives following the closing of its business combination on May 8, 2026.
Boost Run is an NVIDIA Preferred Cloud Partner and provider of AI cloud infrastructure and high-performance compute solutions. The company intends to use the net proceeds from the warrant exercises for general corporate purposes, including continued investment in AI cloud infrastructure and HPC capacity.
To date, approximately 4 million of the 11.47 million public warrants issued have been exercised. About 7.5 million public warrants remain outstanding.
Boost Run said the warrant exercises reduce the number of outstanding public warrants and related warrant overhang. The company believes this could help simplify its capital structure and support increased trading liquidity over time.
The company said the additional capital strengthens its balance sheet and provides more flexibility as it scales GPU capacity. Boost Run is focused on addressing customer demand for AI compute as enterprises continue expanding AI workloads.
Boost Run also said it continues to engage with its SPAC sponsor syndicate and other stakeholders to optimize its capital structure and post-business-combination ownership. The company said any material developments will be disclosed under applicable securities laws and Nasdaq rules.
Boost Run’s platform provides GPU compute, CPU nodes, managed Kubernetes orchestration, and shared storage through a management console and API layer. The company serves enterprises running demanding AI workloads and maintains SOC 2 Type II, HIPAA, ISO 27001, and ISO 27701 certifications at the operator level.
KEY QUOTES:
“The exercise of these warrants has provided additional capital to support our growth strategy following our transition to the public markets. These proceeds strengthen our balance sheet and provide additional flexibility as we continue to scale our GPU capacity and address customer demand for AI compute. We also believe that reducing the number of outstanding public warrants is an important step in simplifying our capital structure and aligning the Company for long-term growth.”
Andrew Karos, Founder and CEO of Boost Run
