Agilysys announces mandatory conversion of all Series A convertible preferred stock to common shares

AGILYSYS INC

Mandatory conversion of all outstanding 5.25% Series A Convertible Preferred Stock effective November 24, 2023.
Conversion price and liquidation preference set at $20.1676 per share as of November 3, 2023.
Settlement scheduled for November 28, 2023; holders may voluntarily convert before November 21, 2023.
After mandatory conversion, all preferred stock rights terminate, including dividend accruals.

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