Optional conversion rights – Optional conversion rights permit the holder to elect to convert its shares of preferred stock into shares of common stock, initially on a one-to-one basis.

PLBY Group converted 25% of its Series B Preferred Stock into Common Stock to streamline its balance sheet. Quiver AI Summary PLBY Group, Inc., the owner of Playboy, announced the conversion of 25 ...

Following the Automatic Conversion and reverse stock split the number of issued and outstanding shares of Common Stock will be consolidated from approximately 71.26 million shares to approximately ...

As a result of the Conversion, the estimated remaining total of approximately $9,771,000 (face value) of Debentures outstanding will be converted into approximately 1,879,038 Common Shares, and ...

Based on the contractual liquidation preference and the 20-day VWAP (volume weighted average price) of $18.84 at the time of conversion, Madison was entitled to receive 2,712,690 shares of common ...