other material
confidence high
sentiment neutral
materiality 0.50
Lightbridge exchanges all Series B preferred for 522,244 common shares at $10.00
LIGHTBRIDGE Corp
- Exchanged 2,666,667 Series B preferred shares for 522,244 common shares at $10.00 per share.
- Total liquidation preference plus accrued dividends approx. $5.2 million.
- Exchange was exempt from registration under Section 3(a)(9) of the Securities Act.
- All Series B preferred shares are eliminated; common stock dilution of about 522k shares.