other material
confidence high
sentiment neutral
materiality 0.50
Fortress Biotech issues 2.03M shares of common stock to settle Urica Preferred Stock obligations
Fortress Biotech, Inc.
- Issued 2,028,345 shares of common stock to former holders of Urica Preferred Stock.
- Satisfied cumulative dividends and mandatory tender under Dividend Agreement dated Dec 27, 2022.
- Fortress elected shares instead of cash; paid $20,747.62 for fractional shares and unpaid dividends.
- Shares issued under Section 4(a)(2) exemption; resale registered effective June 27, 2024.