other material
confidence high
sentiment neutral
materiality 0.60
Comstock Resources converts all Series B Preferred into 43.75M common shares; no preferred outstanding
COMSTOCK RESOURCES INC
- All Series B Redeemable Convertible Preferred converted to 43,750,000 common shares effective Nov 30, 2022.
- Common shares outstanding increase to 277,507,678; no preferred shares remain outstanding.
- Conversion eliminates preferred dividend obligation and potential redemption liability.