A first tranche payment of $13.0 million for the redemption of all of the shares of Preferred Stock held by the Securityholder, and payment of a portion of the outstanding balance of the Note so that ...
A perpetual preferred stock ... convertible bond. Perpetual preferreds would be attractive to big institutions like pension funds and banks, as they would receive a stable and fixed dividend payment.
Others are convertible ... on a preferred stock if its dividends are too high relative to market interest rates, and they often re-issue new preferred stocks with a lower dividend payment.
The company added that the perpetual preferred stock may include features such as convertibility to our class A common stock, payment of cash dividends, and provisions allowing for redemptions of ...
Stryve Foods, Inc. (NASDAQ:SNAX), a food and kindred products manufacturer with a market capitalization of just $2.78 million, has entered into a significant financial agreement, issuing a new series ...
PLBY Group, Inc., the owner of Playboy, announced the conversion of 25% of its Series B Convertible Preferred Stock into common stock as part of its efforts to streamline its balance sheet and ...
Eliminates $8.7 Million of Maturing LiabilitiesDeleverages Assets & Strengthens Balance SheetCreates Flexibility to Pursue More Attractive ...
In this short study, we want to shed light on PG&E Corporation's (NYSE:PCG) latest addition — PG&E Corp 6.00% Series A Mandatory Convertible Preferred Stock (NYSE:PCG.PR.X). Even though the ...
The securities offered in the private placement consist of 4,000 shares of Series G Convertible Preferred Stock with an initial conversion price equal to $1.496, Series A warrants exercisable at a ...
The shares, the first preferred stock issue by the largest corporate holder of Bitcoin, didn’t get as strong a reception as ...
"I could see a scenario where [the preferred stock] starts taking some of the convertible bond space for fixed income accumulation due to the lack of any point in time maturity risk," said Werkman.