He advises a broad range of financial and corporate clients on the structuring, negotiation and execution of various equity - linked transactions, including public and private convertible debt and
preferred stock issuances and associated derivative transactions, accelerated share repurchase programs, registered forward sale transactions, margin loan transactions in respect of large stakes in publicly traded companies, and equity - linked hedging and monetization transactions.
We believe that our existing cash and cash equivalents balance, together with cash generated from operations and our $ 50.0 million Series D
preferred stock issuance in July 2014, will be sufficient to meet our working capital and capital expenditure requirements for at least the next 12 months.
They have cut their dividends and are raising capital through
preferred stock issuance into order to strengthen their weakened balance sheets.
Not exact matches
In response, Apple said in a statement, «we will thoroughly evaluate Greenlight Capital's current proposal to issue some form of
preferred stock... Contrary to Greenlight's statements, adoption of Proposal # 2 would not prevent the
issuance of
preferred stock.
In the event the Company issues shares of additional
stock, subject to customary exceptions, after the
preferred stock original issue date without consideration or for a consideration per share less than the initial conversion price in effect immediately prior to such
issuance, then and in each such event the conversion price shall be reduced to a price equal to such conversion price multiplied by the following fraction:
On December 31, 2009, the Company had 5.18 billion outstanding shares of common
stock, and approximately 734 million shares reserved for
issuance for outstanding convertible
preferred stock, the warrant issued in connection with the TARP CPP investment, dividend reinvestment, deferred compensation plans, long - term incentive compensation awards, and in connection with employee benefit plans.
In contemplation of the Company's initial public offering, the Company has presented unaudited pro forma basic and diluted net loss per share of common
stock, which has been calculated assuming the conversion of all series of the Company's convertible
preferred stock (using the as - if converted method) into shares of common
stock as though the conversion had occurred as of the beginning of the period or the original date of
issuance, if later.
and considered a number of other objective and subjective factors to determine the best estimate of the fair value of our common
stock, including;
issuances of
preferred stock and the rights, preferences and privileges of our
preferred stock relative to those of our common
stock; and the likelihood of achieving a liquidity event, such as an initial public offering or sale given prevailing market conditions.
on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible
preferred stock other than Series FP
preferred stock into shares of Class B common
stock and the conversion of Series FP
preferred stock into shares of Class C common
stock in connection with our initial public offering, (ii)
stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common
stock as of December 31, 2016, as we intend to issue shares of Class A common
stock and Class B common
stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net
issuance of 7.6 million shares of Class A common
stock and 5.5 million shares of Class B common
stock that will vest and be issued from the settlement of such RSUs, (v) the
issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
When you buy
preferred shares, you own a piece of the company and in exchange receive fixed dividend payments set at
issuance with the par value of the
preferred stock.
Each share of convertible
preferred stock may be converted, at the option of the holder, at any time into common
stock as is determined by dividing the applicable original issue price by the conversion price as adjusted for certain dilutive
issuances, splits and combinations.
The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible
preferred stock other than Series FP
preferred stock into shares of Class B common
stock and the conversion of Series FP
preferred stock into shares of Class C common
stock in connection with our initial public offering, (ii)
stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common
stock as of December 31, 2016, as we intend to issue shares of Class A common
stock and Class B common
stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net
issuance of 7.6 million shares of Class A common
stock and 5.5 million shares of Class B common
stock that will vest and be issued from the settlement of such RSUs, (v) the
issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
Upon the closing of this offering, a total of shares of common
stock will be outstanding, assuming the automatic conversion of all outstanding shares of
preferred stock into shares of common
stock upon the completion of this offering and the
issuance of shares of common
stock upon the assumed net exercise of warrants that would otherwise expire upon the completion of this offering at an assumed initial public offering price of $ per share.
This could happen for a variety of reasons — such as new share
issuances for mergers and acquisitions,
stock options given to executives, or dilutive securities such as warrants or convertible
preferred stock.
Most venture financings require the creation and
issuance of a new series of
preferred stock.
I would imagine that by using the Tier 1 capital ratio in the valuation, the
issuance of
preferred stock and payment of
preferred dividends would affect the reinvestment in regulatory capital and hence the free cash flow to equity.
The agencies will need more capital for lending, so I would expect more
preferred stock issues, and perhaps an equity
issuance, if to a key investor, like the US Government.
Under certain circumstance, the
issuance of the
preferred stock could make it more difficult for a third party to gain control of Forward, discourage bids for the common
stock at a premium, or otherwise adversely affect the market price of our common
stock.
Cash now is
preferred to anything else — it motivates more, unless there is tax deferral as a goal, or, inflation of apparent corporate profits, because the
issuance of
stock does not hit the income statement as a cost.
2) Enron - like structures that would force
issuance of
preferred stock on a downgrade (and some other triggers)
Since the consideration for this acquisitions is an
issuance of newly issued
preferred shares which will be listed on the
Stock Exchange of Thailand, the
preferred shares are consisted of special features such as (a) accumulative dividend for year 1 - 5th; (b) convertible to ordinary shares after year 5th; and (c) the voting right is one share for one vote but may be decreased after the 5th year (if there is no unpaid accumulative dividend).
For instance, for a deal that involved aircraft transactions and
issuance of securities to be listed on the London
Stock Exchange the general counsel of my company asked me to consider Skadden Arps — a
preferred provider.
Represented B2B internet company in connection with the
issuance of senior, participating
preferred stock to a venture capital fund.
Shashi routinely assists clients with registration, reporting and SEC disclosure requirements, as well as advises on a broad range of capital market transactions, including initial public offerings, follow - on and secondary offerings, and
issuances of
preferred stock and debt securities.
About half of that
issuance has been in the form of
preferred stock, and the rest in common.