IntelGenx designates 2.09M Series A Preferred shares with 8% cumulative quarterly dividend

IntelGenx Technologies Corp.

2,090,000 Series A Preferred shares designated; stated value $10.00, liquidation preference $15.00.
Cumulative quarterly dividend of $0.20/share (8% annual); increases to $0.30 (12%) upon default.
Dividends payable in cash or, at company's discretion and TSX approval, in-kind in common stock.
Company call right and holder put right after 5th anniversary at 150% of original issue price ($15.00).
Series A ranks senior to common stock on dividends and liquidation.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

IntelGenx Technologies Corp.: Filed Certificate of Designations for Series A Convertible Cumulative Preferred Stock, establishing rights, preferences, and limitations (effective 2024-02-08).

Change: charter amendment
Effective: 2024-02-08

Exact text from the filing

On February 8, 2024, IntelGenx Technologies Corp. (the "Company") filed the Certificate of Designations of Preferences, Rights and Limitations of Series A Convertible Cumulative Preferred Stock (the "Certificate of Designation") designating 2,090,000 shares of Series A Preferred Stock of the Company.

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Source: SEC EDGAR

accession 0001062993-24-003186

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