Sentences with phrase «holders of convertible notes»

Industrial technology company Orbital Corporation has further strengthened its balance sheet after holders of convertible notes elected to take shares in the business, rather than a cash return.

Not exact matches

To compensate convertible note holders for the additional risk assumed with investing at an early stage, most convertible notes feature a conversion price below that of the subsequent financing round through the use of a valuation cap or a discount on the purchase price.

In order to calculate the valuation cap adjusted price per share for convertible note holders, the valuation cap on the note should be divided by the pre-money valuation of the subsequent round and apply that to the Series A price per share.

Applying the 20 % discount to that price per share would yield a discounted price per share for the convertible note holder of $ 8.

In connection with this financing, the remaining holders of the February 2008 notes and warrants converted their notes into shares of Series E convertible preferred stock and warrants to purchase 866,091 shares of Series E convertible preferred stock.

The convertible notes payable were convertible at the election of the note holder into either the securities issuable in a subsequent round of financing at the per share price of such financing, or into Series D convertible preferred stock at a per share price of $ 2.44.

The model «Convertible Security» Yokum has published also incorporates that clever feature of more sophisticated note templates, whereby the holder of the convertible instrument gets no more preferred equity for her investment than does the new money in the Qualified Financing, and takes her discount in the form of comConvertible Security» Yokum has published also incorporates that clever feature of more sophisticated note templates, whereby the holder of the convertible instrument gets no more preferred equity for her investment than does the new money in the Qualified Financing, and takes her discount in the form of comconvertible instrument gets no more preferred equity for her investment than does the new money in the Qualified Financing, and takes her discount in the form of common shares.

After giving effect to a required adjustment to the conversion price of our 4 % convertible notes resulting from the December 2012 special cash dividend, our 4 % convertible notes are currently convertible at the option of the holder into shares of our common stock at a conversion price of $ 6.76 per share.

ACLS received around $ 35.9 M in cash after applying $ 86.4 M of the proceeds to meet obligations to the holders of the company's 4.25 % Convertible Senior Subordinated Notes, upon which ACLS defaulted in January.

The Company also recently completed a privately negotiated transaction with a holder of the Company's 4 % Convertible Subordinated Notes due February 2011 (the «2011 Notes») in which the Company retired a total of $ 4.8 million of the 2011 Notes for an aggregate purchase price of $ 3.8 million or a 21 % discount off of face value.

In January 2018, the Group entered into an exchange agreement with holders of the remaining balance of its Convertible Notes, pursuant to which the Group exchanged the remaining of $ 628 million of Convertible Notes, plus accrued interest, for 9,431,960 ordinary shares.

In January 2018, the Group entered into an exchange agreement with holders of outstanding Convertible Notes, pursuant to which the Group exchanged the Convertible Notes, plus accrued interest, for ordinary shares.

If the offering is consummated, all of Realogy's Convertible Notes in the aggregate principal amount of approximately $ 2.1 billion would be converted into Class A common stock or redeemed at 90 percent of the principal amount thereof on or about the closing of the offering, and holders of approximately $ 2 billion aggregate principal amount of such Convertible Notes have indicated that they intend to so convert.