other material
confidence high
sentiment negative
materiality 0.90
Outset Medical Series A conversion adds 210.7M shares; total common now 265.5M
Outset Medical, Inc.
- On March 7, 2025, issued 19,432 Series A Non-Voting Convertible Preferred shares to directors, officers, and employees after stockholder approval.
- On March 10, 2025, 842,753 Series A shares converted into 210,688,250 common shares, raising outstanding common to 265,493,926.
- Certificate of Correction filed to fix a scrivener's error in the Series A conversion formula (numerator/denominator swap).
- After conversion, 20,587 Series A preferred shares remain outstanding.
- Issuance and conversion follow stockholder approval at the March 5, 2025 special meeting.