Bonk Enters Redemption Agreement With Core4 Capital To Purchase And Retire 26,667 Shares Of Its Series A Prefs For $4M
Redeems and Retires 26,667 Series A Preferred Shares, Directly Reducing Senior Preferred Overhang by Over 26%Secures Full, Irrevocable Waiver and Standdown of All Anti-Dilution Protections across Series A Preferred
Bonk bought back and eliminated a large chunk of special shares that had extra protections, which means less financial baggage weighing the company down and more room to grow.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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