This involves the investors loaning money to the company, with the loan amount being convertible
into equity shares of the startup.
When the future round is complete, the debt converts
into equity shares at the purchase price determined at that time, sometimes subject to a 10 % to 25 % discount to reward the angel for investing early.
Not exact matches
According to the Wall Street Journal, citing anonymous sources, Spotify's deal terms come with «onerous guarantees,» including being able to convert the debt
into equity at a 20 % discount to the
share price of the public offering, among other special promises.
Doug Mackenzie, a fan of Edmark's products and a partner at the prestigious venture firm Kleiner Perkins Caufield & Byers, obliged by leading a round of
equity investment that put $ 5.5 million
into Edmark's coffers, paying the market price of $ 10 a
share.
Volatility in the bond markets transcended
into equities, knocking down the pan-European Euro Stoxx 600 Index by 0.9 percent and leading Wall Street
shares to finish narrowly mixed on Friday.
Angel investors normally provide capital for start - ups or businesses in the early stage of growth in exchange for
equity, or in some cases, convertible notes, that converts
into shares or cash value at a point later on.
The U.S. rate hike that the market is 100 percent certain will be delivered this week did not stop Dividend
Equity Funds from recording their biggest inflow since the record setting $ 9.4 billion they took in exactly three years ago, with investors translating recent earnings per
share growth and expected repatriation of foreign cash piles
into bigger dividend payouts.
In essence, investors who reinvest their dividends accumulate more
shares during stock market collapses as the dividend yield expanding allows them to gobble up more
equity with each dividend check they shove back
into their account or dividend reinvestment plan.
Another firm — Weiss Residential Real Estate, which intends to launch next year — is developing what may be the only other service that is designed to convert
shared equity into a resource for owner - occupants.
US - based hedge fund Mt Kellett Capital Management is understood to be considering converting its debt
into Lynas
equity at about 10 cents per
share, which would deliver it a substantial stake in the $ 190 million miner.
Marriott Vacations Worldwide Corporation (NYSE: VAC)(«MVW» or the «Company») and ILG (Nasdaq: ILG) today announced that they have entered
into a definitive agreement under which MVW will acquire all of the outstanding
shares of ILG in a cash and stock transaction with an implied
equity value of approximately $ 4.7 billion.
ORLANDO, Fla. and MIAMI — April 30, 2018 — Marriott Vacations Worldwide Corporation (NYSE: VAC)(«MVW» or the «Company») and ILG (Nasdaq: ILG) today announced that they have entered
into a definitive agreement under which MVW will acquire all of the outstanding
shares of ILG in a cash and stock transaction with an implied
equity value of approximately $ 4.7 billion.
In determining the size of the requested increase in the authorized
share pool, we considered the level of overhang and took
into account the fact that a substantial portion of the current outstanding
equity awards are held by our CEO and had been granted to him prior to our initial public offering in 2006 (the «IPO»).
Finally, modestly higher bond yields support our view that the rotation
into value and momentum
shares away from low - volatility
equities likely isn't over.
An early - stage company typically sells its
shares (or grants options over its
shares) to its founders and early employees at a very low cash cost, because they are, in effect, putting their «sweat
equity»
into the Company.
in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of
shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other
equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of
shares of Class A common stock, Class B common stock, or any securities convertible
into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the
shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of
shares or securities was solely to us pursuant to the circumstances described in this bullet point;
Rather than its results, most investors focused on KKR's decision to pull the trigger on a long - considered move to convert from partnership to corporation status, trading double taxation for greater simplicity and willingness among investors to put their money
into the private
equity company's
shares.
We also intend to enter
into a Registration Rights Agreement pursuant to which the
shares of Class A common stock issued to the Continuing SSE
Equity Owners upon redemption of LLC Interests and the
shares of Class A common stock issued to the Former SSE
Equity Owners in connection with the Transactions will be eligible for resale, subject to certain limitations set forth therein.
The unaudited pro forma information as of March 31, 2015 presents the Company's stockholders»
equity as though all of the Company's redeemable convertible preferred stock outstanding had automatically converted
into shares of common stock upon the completion of a qualifying initial public offering («IPO») of the Company's common stock.
The pro forma stockholders»
equity presents our stockholders»
equity as though all of the convertible preferred stock outstanding automatically converted
into shares of common stock on a 1 for 1 basis, except for the Series C convertible preferred stock which is convertible on a 1 for 1.05 basis (see Note 6), upon completion of a qualifying initial public offering.
Gorman's long - term incentive awards will convert
into shares in 2017, based on meeting targets related to return on
equity and relative total shareholder return, according to the filing.
SSE Holdings will enter
into the SSE Holdings LLC Agreement and, subject to certain restrictions set forth therein and as described elsewhere in this prospectus, the Continuing SSE
Equity Owners will be entitled to have their LLC Interests redeemed for
shares of our Class A common stock.
The University of Toronto will move
into the new West Tower of MaRS and will be taking a 20 per cent
equity share in the building.
Upon closing of the proposed transaction all of the issued and outstanding
shares of capital stock of MoPub, and all
equity awards to purchase
shares of MoPub common stock held by individuals who will continue to provide service to the Company, will be converted
into the right to receive an aggregate of 14.8 million
shares of the Company's common stock.
On July 28, 2015, we entered
into a subscription agreement for ordinary
shares, or the Subscription Agreement, with Invesco Perpetual High Income Fund, Woodford Patient Capital Trust plc and LF Woodford
Equity Income Fund, or, collectively, the Existing Investors, and Novartis.
The current number of
shares remaining available for grant under the 2003 Plan is expected to last until approximately the end of 2014, based on the recent historical rate of award grants under the 2003 Plan noted under «Specific Benefits» below, and taking
into account the 2:1 premium
share counting rule, discussed below, for certain
equity awards.
New York Stock Exchange — June 6 David Einhorn's Greenlight Capital is seeking shareholder support at GM's 2017 annual meeting for a proposal to split GM
shares into two separate listed
equities, dividend
shares and capital appreciation
shares.
The Series A Preferred shall also be convertible
into any future series of Preferred Stock (the «Future Preferred») under either of the following circumstances: (a) if such conversion is approved by the Board or (b) if such conversion is in connection with a future Preferred Stock
equity financing in which the Company's fully diluted pre-money valuation is greater than the Company's fully diluted post-money valuation immediately following the Series A Financing contemplated by this term sheet (a «Future Financing»), in either case, on a one - for - one basis (subject to anti-dilution adjustment) at the option of the holder; provided however, if such conversion is in connection with a Future Financing, that the holder may convert
into shares of Future Preferred only in the event that all of such
shares of Future Preferred received by the holder upon conversion are sold to an Approved Investor (as defined below) no later than 90 days following the first closing of the Future Financing at a price per
share no lower than the price per
share at which the Company sells
shares of such Future Preferred in the Future Financing and, provided further, that such Approved Investor is not an affiliate, family member, or related party of the holder.
Of course, as a mostly passive investor, I prefer to not get too much
into actively and tactically timing the
equity share.
They must deploy 100 % of any funds they receive
into equities, and they must buy and sell
shares so as to establish positions that are in exact relative proportion to the supply outstanding.
Jay introduces the guests and sponsors for the day's show and Michael Oliver
shares his insights
into the gold, commodities and
equity markets.
With the sentiment around lithium almost universally bullish, the recent hammering of lithium
equity share prices can be traced back to one or two reasons: either as a sign that valuations had exceeded reality or a specific catalyst has injected a dose of reality
into the markets.
Jay introduces the guests and sponsors for the day's show, Michael Oliver
shares his insights
into the
equity markets from his momentum perspective.
Similarly, the note's valuation cap establishes a maximum value of the company at that future financing, which also potentially allows noteholders to convert their investment
into equity at a more favorable price per
share.
Finally, GM's quick repayment of the loans has whetted the appetite of some commentators (including DeCloet) for the ultimate repayment of the full government contribution. That would occur through the issuance of public
equity by GM and Chrysler, creating a market for those stocks
into which the government would presumably sell its
shares. There is even some nefarious language in the rescue packages requiring the government to sell off its
shares within specified, relatively aggressive timelines. The more I think about it, the less this makes sense — neither for the auto industry, nor for taxpayers. Why not hang onto the
equity stake? If the companies recover and the
equity gains market value, then the government will be able to claim that on its balance sheet (hence officially recouping the cost of its written - off contributions and creating a budgetary gain).
 The Harper government's decision last year to write off every penny of the auto aid and thus build it all
into last year's deficit calculation (which I questioned at the time as curious and even misleading) has already been proven wrong. Since the money was already «written off» by Ottawa as a loss (on grounds that they had little confidence it would be repaid — contradicting their own assurances at the same time that it was an «investment,» not a bail - out), any repayment will come as a gain that can be recorded in the budget on the revenue side. Jim Flaherty has learned from past Finance Ministers (especially Paul Martin) that it's always politically better to make the budget situation look worse than it is (even when the bottom has fallen out of the balance), thus positioning yourself to triumphantly announce «surprising good news» (due, no doubt, to «careful fiscal management») down the road. The auto package could thus generate as much as $ 10 billion in «surprising good news» for Ottawa in the years to come (depending on the ultimate worth of the public
equity share).
A bull run for global
equity markets, including the local sharemarket, swelled the coffers of the asset manager as investors piled
into shares and the value of its funds under management grew.
The
equity component consists of $ 2 million of Series «G» convertible preferred stock (the «Preferred Stock») convertible
into 1,897,983
shares of the Company's Common Stock, based on a conversion price of $ 1.05375 per
share.
If you mean the owners should invest more money
into the club to pay the players higher salaries (salaries are payroll) than the only way to that through
equity (
shares or rights issues).
Today's workshop on «Benefits
Sharing and Safeguards» for policies to Reduce Emissions from Deforestation and Forest Degradation (REDD +) also included newly released recommendations for how California can bring REDD + offset credits
into its statewide cap - and - trade system with environmental integrity and social
equity.
Overall, we said, the Welsh government should, «Develop a
shared vision of the Welsh learner, reflecting the government's commitment to quality and
equity, and translate it
into a small number of clear measurable long - term objectives».
Split: Divide stock
shares into multiple
shares such that the stockholder's
equity (both in total and for the individual stockholder) remains unchanged, but each stockholder holds more
shares worth less each.
Reverse split: Combine multiple stock
shares into one
share such that the stockholder's
equity (both in total and for the individual stockholder) remains unchanged, but each stockholder holds fewer
shares worth more each.
calculating
equity of
shares when a new worker buys
into the company or existing worker leaves the company
For example, when a $ 100,000
equity share is used as security, it is likely that 10 years
into the future, the
share will still be worth $ 100,000.
If you then want to put a small portion of your
equity stake
into Berkshire
shares, fine.
In my writings on managing stock options — Consider Your Options, a book for option holders, and
Equity Compensation Strategies, a text for professional advisors — I explain why the optimal approach from a tax perspective for people who have very large profits built
into their ISOs is to sell 65 % of the
shares immediately after exercise of the option and hold 35 % long enough to convert the profit on those
shares to long - term capital gain.
So yes, it is the firm's total
equity financing — the initial capitalization is the
equity that was put
into the company when it was founded plus subsequent increases in
equity due to
share issues, and retained earnings is the increase in
equity that has occurred since then which has not yet been re-distributed to shareholders (though it belongs to them, as the residual claimants).
In this case, you would sell enough bonds to bring them back down to 20 % of your portfolio's value and funnel the proceeds
into stocks, pushing
equities back to their 80 %
share.
If someone has appreciated assets like
shares or
equity of a privately held company and they want to transfer those
into a tax - deferred retirement account like an IRA or 401k, is that possible?