Participating convertible preferred stock

Participating convertible preferred stock

Preferred stock that can be converted into common stock at the option of the holder. In contrast, to the usual preferred stock, the value of the preferred stock is refunded to the holder. That is, one gets conversion plus the value of the stock.
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OTCBB: COSH)(the "Company"), the parent company of Cooper Standard Automotive, announced today that its Board of Directors has approved a securities repurchase program authorizing the Company to repurchase, in the aggregate, up to $25 million of its outstanding common stock, 7% cumulative participating convertible preferred stock or warrants to purchase common stock.
Granted, Houston-based Maxxam is a highly diversified company with a history of bankruptcies and drastic turnarounds and a complex capital structure, with a closely held block of Non-Cumulative Participating Convertible Preferred Stock and special provisions for board representation by holders of the Common Stock.
32 million shares of Series D Participating Convertible Preferred Stock ("Series D Preferred") in a private placement.
The supplemental financing totaled $800,000 in gross proceeds from the issuance of Series C Participating Convertible Preferred Stock ("Series C Preferred") and warrants.
NYSE: SPF) today announced an amendment to the June 27, 2008 warrant (the "Warrant") issued by the Company to MP CA Homes, LLC ("MatlinPatterson") to purchase shares of the Company's Series B Junior Participating Convertible Preferred Stock.
Goldman Sachs"), holders of the Company's Series B Participating Convertible Preferred Stock ("Series B Preferred") and non-voting Series B-1 Participating Convertible Preferred Stock ("Series B-1 Preferred" and, together with the Series B Preferred, collectively, the "Preferred").
The Series B Junior Participating Convertible Preferred Stock is economically equivalent to the Company's common stock, but contains a voting limitation.
OTCBB: XLRT) ("Xplore" or the "Company"), a manufacturer of award-winning rugged tablet PCs, announced today that it received $1 million in gross proceeds from the issuance of 1 million shares of Series D Participating Convertible Preferred Stock ("Series D Preferred") in a follow-on private placement.
local time at the Company's corporate office in Irvine, California, for the purpose of (i) approving the conversion of shares of the Company's outstanding Senior Convertible Preferred Stock into Series B Junior Participating Convertible Preferred Stock, the issuance of Series B Junior Participating Convertible Preferred Stock upon the exercise of the Company's outstanding Warrant and the issuance of common stock upon the conversion of the Series B Junior Participating Convertible Preferred Stock, (ii) approving the Company's Amended and Restated Certificate of Incorporation, and (iii) amending the Company's 2008 Equity Incentive Plan.
4 million, into shares of Series D Participating Convertible Preferred Stock in the Recapitalization, including approximately $2 million in cash being provided under amendments to an existing note purchase agreement.
7 million in Series A 6% Participating Convertible Preferred Stock and Warrants, a $2.
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