WebAug 19, 2024 · The net proceeds from the common stock offering and the mandatory convertible preferred stock offering will be approximately $239.4 million and $290.3 million, respectively, or $275.3 million and $333.8 million, respectively, if the underwriters exercise their respective options in full, in each case after deducting underwriting … WebApr 11, 2024 · Shares of Series A Convertible Preferred Stock (the “Series A Preferred Stock”), initially convertible into shares of common stock of the Company (“Common Stock”) on a 71.428571-for-one basis (i.e., the equivalent number of shares as would be due, based on the Original Purchase Price, if converted into common stock based on …
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WebConvertible Securities. A "convertible security" is a security—usually a bond or a preferred stock—that can be converted into a different security—typically shares of the … WebConvertible preferred stock can be exchanged for the common stock of the company if certain conditions are met. The contractually set conversion ratio determines the number of common shares each ... michaels on bissonnet
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WebAug 18, 2024 · PIPEs involve the issuance in a private placement of publicly traded equity securities, typically common stock, or equity-linked securities such as convertible … WebMay 21, 2024 · The net proceeds from the Common Stock offering and the Mandatory Convertible Preferred Stock offering will be approximately $847.3 million and $847.3 million, respectively (or approximately $974.7 million and $974.6 million, respectively, if the underwriters exercise their options in full), in each case after deducting underwriting … WebFeb 7, 2024 · The company expects at closing to issue 23,685 shares of convertible preferred stock, warrants to buy 84,216 shares of convertible preferred stock and … michaelson auto parts south river