other material
confidence high
sentiment neutral
materiality 0.30
DarioHealth amends Series B and B-1 Preferred Stock, extends conversion period, adds dividends
DarioHealth Corp.
- Mandatory conversion period extended from 15 to 18 months from original issue date.
- Series B and B-1 holders get 10% dividend for fifth full quarter, 25% for sixth quarter from closing.
- No additional securities were issued or sold as a result of the amendment.
- Amendments filed on June 25, 2024, effective upon filing with Delaware Secretary of State.