other material
confidence high
sentiment neutral
materiality 0.50
Boston Scientific converts all Series A Preferred Stock into common; 24M shares issued
BOSTON SCIENTIFIC CORP
- On June 1, 2023, all outstanding 5.50% Mandatory Convertible Preferred Stock (Series A) automatically converted into common stock.
- Conversion rate: 2.3834 common shares per preferred share; cash paid for fractional shares.
- Approximately 24 million common shares issued; no preferred shares remain outstanding.
- Boston Scientific requested NYSE delisting and deregistration of the preferred stock.