If I convert my shares of convertible preferred stock, will I receive any payment for declared and unpaid dividends on the shares of convertible preferred stock?
Yes. Upon conversion of convertible preferred stock, we will pay to the holder of the convertible preferred stock being converted an amount equal to all declared and unpaid dividends on the shares of convertible preferred stock being converted. At our election, we may make those payments in cash, shares of common stock or a combination of cash and shares of common stock.
Related Questions
- If I convert my shares of convertible preferred stock, will I receive any payment for declared and unpaid dividends on the shares of convertible preferred stock?
- What happens to the declared dividends for investors of existing GSE preferred stock?
- What dividends have been declared on nib ordinary shares?
