other
confidence high
sentiment neutral
materiality 0.65
MediaCo Holding: SG Broadcasting converts 40,000 preferred shares into 3,328,728 common shares
Mediaco Holding Inc.
- SG Broadcasting converted 40,000 Series A Convertible Preferred shares into 3,328,728 Class A common shares effective Dec 28, 2022.
- The conversion was executed as an unregistered sale of equity under Section 4(2) of the Securities Act.
- The preferred shares were originally issued in December 2019 to SG Broadcasting.
- Conversion amount determined by Accrued Value divided by Conversion Price per governing instrument.