other material
confidence high
sentiment neutral
materiality 0.90
Emerald Holding to convert all Series A Preferred into common on May 2; shares to more than triple
Emerald Holding, Inc.
- Mandatory conversion triggered by common stock closing above $6.16 for 20 consecutive trading days.
- Each Series A Preferred share converts into 1.97165806097004 common shares.
- 71,402,607 preferred shares outstanding; up to 140,781,525 new common shares to be issued.
- Current common shares outstanding: ~63,055,460; total after conversion ~203,836,985.
- Effective May 2, 2024; no preferred shares remain thereafter.