secwatch.observer — SEC 8-K summary
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Issuer:     Upland Software, Inc. (UPLD)
CIK:        0001505155
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001505155-22-000071
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 3.03, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upland closes $115M Series A convertible preferred issuance to HGGC affiliate; appoints David Chung to board
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- Issued 115,000 shares of Series A Convertible Preferred at $1,000/share to HGGC affiliate for aggregate $115M.
- Proceeds for general corporate purposes and transaction fees.
- Preferred stock carries 4.5% annual dividend (7% after 7 yrs), convertible at $17.50 per share.
- Board expanded to six; David Chung (HGGC Partner) appointed as Class II director.
- Registration rights agreement requires shelf registration within 60 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505155/000150515522000071/0001505155-22-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505155/000150515522000071/upld-20220823.htm
  HTML page:      https://secwatch.observer/filing/0001505155-22-000071

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