Stated conversion price

Stated conversion price

At the time of issuance of a convertible security, the price the issuer effectively grants the securityholder to purchase the common stock, equal to the par value of the convertible security divided by the conversion ratio.
References in periodicals archive ?
According to Millennium Cell, the three-year Series C Preferred provides for cumulative dividends at seven percent per annum and has a stated conversion price of $2 per share, which is adjustable under certain conditions.
Millennium Cell Completes Private Placement Financing
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