UNS unilife corporation

I quickly perused the financing prospectus wondering why the...

  1. 13,958 Posts.
    lightbulb Created with Sketch. 139
    I quickly perused the financing prospectus wondering why the Vulture Fund hadnt converted all its 750 Class A's.

    If I read it correctly, there is a conversion issuance limitation of 4.99% of total outstanding stock. Although this can rise to 9.99% if the Vulture Fund advises the company in writing in "not less than 61 days".

    So, they received 7,261,642 new shares last night.

    (7,261,642/(7,261,642+139,000,000) = 4.96%

    Thank christ they cant convert anymore until after the outcome of the strategic transaction.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.