Most business owners understand that good contract provisions and practices can reduce the risk profile of their companies, but, along with risk reduction, a thoughtful and disciplined approach [...]
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Upon learning that a business is contemplating a sale, employees often become nervous about how changes in ownership and management may impact them and sometimes seek other opportunities before [...]
Some of the types of preferred stock discussed in “Preferred Stock Demystified” – my previous series of blog posts on this topic – are convertible into shares of common stock. For example, a [...]
I drafted a series of posts last year entitled “Preferred Stock Demystified” regarding the payments rights and preferences attendant upon various classes of preferred stock. I now will supplement [...]
I recently posted a series of blogs regarding the features of certain types of preferred stock. The posts were separate in order to keep things short and relatively simple. These types of [...]
Like non-convertible, double-dip participating preferred stock, convertible, double-dip participating preferred stock has a fixed, accruing dividend and a senior liquidation preference pursuant [...]
Convertible, conventional participating preferred stock entitles the preferred shareholder to receive the greater of (a) the senior liquidation preference pursuant to which the preferred [...]
Convertible, non-participating preferred stock has a senior liquidation preference pursuant to which the preferred shareholder receives back its invested money plus all accumulated, unpaid [...]
Like non-convertible, straight preferred stock, non-convertible, double-dip participating preferred stock has a fixed, accruing dividend and a senior liquidation preference pursuant to which the [...]
Non-convertible, straight preferred stock is the most basic type of preferred stock. It is called “straight” preferred stock because it has a fixed dividend (often 8%) that continues to accrue if [...]
