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8-K filed April 18, 2024, 7:59 PM ET ticker STKL CIK 0000351834
other material confidence high sentiment positive materiality 0.55

SunOpta and Oaktree agree to eliminate dividend on Series B-1 Preferred Shares

SunOpta Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SunOpta Inc. entered into Amending Agreement with Oaktree Organics, L.P., Oaktree Huntington Investment Fund II, L.P., OCM SunOpta Trustee LLC valued at Elimination of dividend rights attached to shares of Series B-1 Preferred Stock of SunOpta Foods eff (effective 2024-04-17).

Action
entry
Counterparty
Oaktree Organics, L.P., Oaktree Huntington Investment Fund II, L.P., OCM SunOpta Trustee LLC
Value
Elimination of dividend rights attached to shares of Series B-1 Preferred Stock of SunOpta Foods eff
Effective
2024-04-17
Exact text from the filing
On April 17, 2024, SunOpta Inc. (the "Company"), SunOpta Foods Inc. ("SunOpta Foods"), a wholly-owned subsidiary of the Company, Oaktree Organics, L.P., Oaktree Huntington Investment Fund II, L.P. (together with Oaktree Organics, L.P, the "Investors"), and OCM SunOpta Trustee LLC (the "Trustee"), entered into an Amending Agreement (the "Amending Agreement") related to the elimination of the dividend rights attached to shares of Series B-1 Preferred Stock of SunOpta Foods effective from and after December 31, 2023, including amending the terms of (i) the Amended and Restated Investor Rights Agreement, dated April 24, 2020, among the Company, SunOpta Foods and the Investors, (ii) the Exchange and Support Agreement, dated April 24, 2020, among the Company, SunOpta Foods and the Investors, and (iii) the Voting Trust Agreement, dated April 24, 2020, among the Company, SunOpta Foods, the Investors and the Trustee
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Source: SEC EDGAR
accession 0001062993-24-008533
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