secwatch.observer — SEC 8-K summary
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Issuer:     Pursuit Attractions & Hospitality, Inc. (PRSU)
CIK:        0000884219
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0000950170-24-134608
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viad Corp to convert all Preferred Stock into common on Dec 31; eliminates $8M annual dividend
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- All 135,000 shares of 5.5% Series A Convertible Preferred Stock to be converted into ~6.7M shares of common stock on Dec 31, 2024.
- Conversion triggered by VVI common stock VWAP exceeding $42.50 for 20 of 30 consecutive trading days; threshold met Dec 6.
- Post-conversion, common shares outstanding will increase from ~21.3M to ~28M; no preferred shares remain.
- Annual cash dividend savings of ~$8 million from eliminating preferred stock dividends; simplifies capital structure.
- Separately, Pursuit to become standalone public company upon GES sale expected Dec 31; Viad to rename to Pursuit, ticker PRSU.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884219/000095017024134608/0000950170-24-134608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884219/000095017024134608/vvi-20241209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-134608

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