Sentences with phrase «of a convertible security»

This price is equal to the market price of convertible security divided by the conversion ratio.

The average term to maturity of the convertible securities purchased by the fund will typically range from two to ten years.

Perth companies Valmec and Northern Minerals have struck agreements to raise up to a combined $ 8.2 million through the issue of convertible securities.

The company then registers with the SEC the resale of the common stock issued in the private placement, or issued upon conversion of the convertible securities issued in the private placement.

Forced Conversion - It is an action that may be taken in the recalling of a convertible security against the holder of that security.

Shouldn't there be something authorizing and defining the rights and preferences of this convertible security?

The convertible security issued by MNOV would allow each AVGN stockholder at their election to either (i) convert each share of the convertible security into MNOV at a conversion price of $ 4.00 per share or (ii) have the convertible security redeemed for cash in an amount per share that represents the Net Cash Assets per share of AVGN.

Put differently, under your proposal, because of the high conversion price of the convertible security, MediciNova stockholders prior to the transaction capture much of the future value from AV411 and Genzyme rather than existing Avigen stockholders.

Given the short time frame of the convertible security (one year from close) and the high premium, the option value of the convertible security is only a few cents per Avigen share based on traditional Black - Scholes valuation methodology.